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Buy, Sell or Trade Classifieds Thread About, Oracle to pay $1.9B for personnel software co. |
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02-09-2012, 02:50 PM
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Oracle to pay $1.9B for personnel software co.
Oracle to pay $1.9B for personnel software co.
The Associated Press 05:49:41PM (ET) Thursday,February 9,2012. NEW YORK (AP) — Oracle is paying $1.9 billion for Taleo Corp., a company that helps businesses manage their employees. The planned purchase of Taleo extends Oracle's offerings in the growing arena of cloud-based computing. With such an approach, businesses don't run software and services in-house, but rather send those tasks to remote locations operated by companies such as Oracle and IBM Corp. Taleo, based in California, makes human-resources software that runs on the cloud. Oracle is paying $46 a share for Taleo stock. That is 18 percent above Wednesday's closing price of $38.94. Taleo's stock rose 18 percent to $45.85 in pre-marking trading. Oracle's gained 9 cents to $28.82. ---------------------------------------------------------- Another addition to the Oracle family...
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