Siebel and Oracle? A match made in...

Siebel Systems got a jolt to its stock price Friday morning, after a financial publication reported the enterprise software maker is in buyout talks with its arch-nemesis Oracle.

Siebel's stock rose more than 4 percent when it opened at $8.95 a share, following a report by Deal.com. The publication, citing a source close to the company and analysts, reported that talks began last week and that the figure being bounced around is about $5 billion.

After swallowing up its former rival PeopleSoft--once headed by former Oracle executive Craig Conway--Oracle CEO Larry Ellison may be angling to consume another enterprise software company, which, by coincidence, was founded by Oracle alumni Tom Siebel.

And who says it's only fish that eat their young?

Tags:
Tech Culture
About the author

    Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.

     

    Join the discussion

    Conversation powered by Livefyre

    Show Comments Hide Comments
    Latest Galleries from CNET
    Uber's tumultuous ups and downs in 2014 (pictures)
    The best and worst quotes of 2014 (pictures)
    A roomy range from LG (pictures)
    This plain GE range has all of the essentials (pictures)
    Sony's 'Interview' heard 'round the world (pictures)
    Google Lunar XPrize: Testing Astrobotic's rover on the rocks (pictures)