Oracle to Purchase BEA with $8.5 Billion
Posted on January 17, 2008 - Filed Under Technology
Wednesday, Oracle announced that it will acquire the middleware maker at a cost of nearly $19.38 per share. Oracle plans to incorporate BEA’s technology to enhance its newly developed Fusion Middleware.
Oracle founder and CEO, Larry Ellisons, says
“BEA has been a pioneer in middleware.”Alfred [Chuang, BEA CEO] is credited with a lot of those successes.”
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