Oracle to buy Siebel for $5.85 billion
Oracle announced today that it agreed to buy Siebel Systems for $10.66 per share. The offer is valued at approximately $5.85 billion, or $3.61 billion net of Siebel’s cash on hand of $2.24 billion. "In a single step, Oracle becomes the number one CRM applications company in the world," said CEO Larry Ellison.
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