09-12-2005, 04:48 PM
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Facilitator
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Join Date: Jun 2003
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Oracle to buy Siebel for $5.85bn
Oracle bought fellow rival Peoplesoft at the end of last year
Software giant Oracle is buying US rival Siebel Systems in a deal worth $5.85bn (£3.2bn) in cash and stock.
Oracle is offering $10.66 per Siebel share, 16.8% more than Siebel's closing share price on Friday.
source: news.bbc.co.uk/1/hi/business/4237810.stm
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