To bid or not: Business software maker Oracle is bidding $525 million for Retek in an attempt to thwart one of its fiercest rivals, Germany-based SAP.
Oracle (ORCL) said that it will offer $9 per share for Minneapolis-based Retek, hoping to persuade the maker of retail software to reconsider a $496 million, or $8.50-per-share, sales agreement with SAP.
Retek announced that it had accepted SAP's offer last week, prompting Oracle to jump into the fray even as it continues to digest its recently completed $10.3 billion acquisition of PeopleSoft.
Oracle's move underscores its escalating tensions with SAP (SAP), the world's largest maker of business software. By buying PeopleSoft, Oracle expanded its market share, but the deal remained up in the air for 18 months -- a period of uncertainty that gave SAP a chance to position itself as a more reliable alternative.
Thursday, March 10, 2005
Oracle trying to but in on SAP's business plans at the last minute.
Looks like Oracle is getting a little skitish
Why an Enterprise ERP blog
I am starting this to blog to put some basic Enterprise Application thinking and guidance out there and help me put some logic to best practices.
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