Oracle buys BEA after all (what the heck is going on today?)
Paying a higher price gets Oracle their prize pig of the day.
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 billionWhat 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? ;)