Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 29 October 2007 10:37

Oracle abandons BEA Systems sale

Written by

Image

Says BEA wanted too much money


Oracle
has pulled out of a deal to buy BEA Systems for $6.7 billion. Oracle said that it will not increase its offer for the company and will not bid as much if it gets involved in a bid for the company again.

"BEA's Board has repeatedly rejected Oracle's offer and refused to meet with us, even though we offered to meet without any preconditions. Oracle wanted shareholders to accept $17 per share proposal but was blocked by the Board," claims Oracle.

BEA's largest shareholder, Carl Icahn, is angry that shareholders were not allowed to vote on the deal.

More here.

Last modified on Monday, 29 October 2007 18:52

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments