Rob Gonda's Blog

EU approves Oracle's purchase of Siebel

Posted At : December 22, 2005 9:19 AM | Posted By : Rob Gonda
Related Categories: Generic,business

Business software maker Oracle won permission from the European Commission on Thursday to buy rival Siebel Systems in a $5.8 billion deal.

Since January, Oracle has closed seven acquisitions, including its recently completed $10.6 billion hostile takeover of PeopleSoft.

If the deal closes, Oracle--the No. 1 database maker--will be running neck-and-neck with SAP to lay claim as the world's biggest CRM software seller, market researchers IDC and AMR have said.

more [here]

posted on December 22, 2005 at 9:19 AM by Rob Gonda
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