Oracle Buys Siebel

Oracle said it will buy Siebel Systems for $10.66 a share in a deal that values Siebel at $5.85 billion. Thomas Siebel is a former Oracle executive who built Siebel into a software giant. This is a pretty good deal for Oracle–it’s just a 16% premium over Friday’s closing price. Five years ago, shares of Siebel were worth $120. Oracle has been aggressively buying other firms recently. The company recently completed its acquisition of PeopleSoft which was worth of $10 billion. The Siebel deal still needs to be approved by shareholders.

Posted by on September 12th, 2005 at 9:54 am


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