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Oracle Buys BEA: Oracle Fusion Middleware Gets An $8.5BN Injection of IP
Ellison: "The addition of BEA products and technology will significantly enhance and extend Oracle's Fusion middleware"
By: Oracle News Desk
Jan. 17, 2008 12:00 PM
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"This transaction is the culmination of that diligent and thoughtful process, and we believe it is in the best interests of our shareholders. I am confident our innovative products, talented employees and worldwide customer base will be key contributors to the success of the combined company over the long term. We look forward to working with Oracle toward a successful completion of the transaction."The transaction is anticipated to close by mid-2008, subject to BEA stockholder approval, certain regulatory approvals and customary closing conditions.
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