5:18 p.m. | Updated Oracle agreed on Tuesday to buy the Art Technology Group, an e-commerce software provider, for about $1 billion. Oracle will pay $6 a share in cash, 46 percent more than Art Technology’s closing stock price on Monday. It is the first deal that Oracle has announced since it hired Mark V. [...]
5:18 p.m. | Updated Oracle agreed on Tuesday to buy the Art Technology Group, an e-commerce software provider, for about $1 billion. Oracle will pay $6 a share in cash, 46 percent more than Art Technology’s closing stock price on Monday. It is the first deal that Oracle has announced since it hired Mark V. [...]
Six weeks ago, Oracle’s chief executive, Larry Ellison, said that his deal-happy company planned to set its sights on software makers that cater to specific industries. It found one on Tuesday. Oracle’s impending $1 billion acquisition of the e-commerce software provider Art Technology Group, which was announced Tuesday, fits Mr. Ellison’s description perfectly: Art Technology [...]
Oracle has acquired a 10.2 percent stake in Mellanox Technologies of Israel on the open market, but Oracle said on Thursday that it had no plans to make an unsolicited offer to take over the company, Reuters reported. The companies did not disclose how much Oracle paid for the shares, but Mellanox has a market [...]
There’s nothing DealBook loves more than a good ol’ spat over allegations of corporate espionage. And we love them even more when they involve Larry Ellison. Mr. Ellison, pictured at left, the chief executive of Oracle, has escalated the pregame trash talk as his company gears up for a courtroom battle next week against its [...]
5:32 p.m. | Updated Hewlett-Packard and Oracle said on Monday that they have settled a lawsuit over the latter’s hiring of Mark V. Hurd, the former H.P. executive who was ousted amid a scandal involving a former actress. Under the terms of the settlement, Mr. Hurd will give up 346,030 restricted stock units granted to [...]
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