Vaults Oracle to Number 1 in Customer Relationship Management
REDWOOD SHORES, Calif., September 12, 2005 ¾ Oracle Corporation (Nasdaq: ORCL) announced today that it agreed to buy Siebel Systems, Inc (Nasdaq: SEBL) for $10.66 per share. The offer is valued at approximately $5.85 billion, or $3.61 billion net of Siebel’s cash on hand of $2.24 billion.
“In a single step, Oracle becomes the number one CRM applications company in the world,” said CEO Larry Ellison. “Siebel’s 4,000 applic..
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