Oracle buys BEA after all (what the heck is going on today?)

Paying a higher price gets Oracle their prize pig of the day.

January 16, 2008 6:08 AM PST Follow @dr138

Marketwatch is reporting that Oracle finally got its hands on BEA after raising their price.

Oracle agreed to lift its offer to $19.375 a share in cash, compared to the company's original bid last October of $17 a share. BEA had been holding out for $21 a share. The new proposal reflects a premium of 24% over BEA's closing price on Tuesday of $15.58. The deal also values BEA at $7.2 billion, up from Oracle's initial bid of $6.7 billion

What the hell is going on out there? (Oh, and while cash prizes are being handed out, did I mention that MuleSource has a fabulous Mule ESB and SOA Governance Platform that big vendors should be dying for? ;)

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