Paul Krill
Editor at Large

Oracle: No friendly BEA deal seen

news
Dec 19, 20071 min

An Oracle executive said Wednesday that the company does not believe it can acquire BEA in a friendly manner, according to an Oracle representative.

During a conference call with analysts, Oracle CFO Safra Catz said the company concluded no friendly deal can be done with the current BEA board at a price and terms acceptable to Oracle, said the representative.

Oracle’s representative declined to comment on whether Oracle might pursue an unfriendly acquisition. Oracle in October offered to acquire BEA for $17 per share; BEA countered with a $21 per share price.

During a meeting with analysts in November, Oracle CEO Larry Ellison expressed dismay with how the process had gone. If Oracle were to make another offer, it would be lower than the $17-per-share originally offered, he said. He also said it appeared no one would be acquiring BEA.

Paul Krill

Paul Krill is editor at large at InfoWorld. Paul has been covering computer technology as a news and feature reporter for more than 35 years, including 30 years at InfoWorld. He has specialized in coverage of software development tools and technologies since the 1990s, and he continues to lead InfoWorld’s news coverage of software development platforms including Java and .NET and programming languages including JavaScript, TypeScript, PHP, Python, Ruby, Rust, and Go. Long trusted as a reporter who prioritizes accuracy, integrity, and the best interests of readers, Paul is sought out by technology companies and industry organizations who want to reach InfoWorld’s audience of software developers and other information technology professionals. Paul has won a “Best Technology News Coverage” award from IDG.

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