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Technology Stocks : Oracle Corporation (ORCL)

ORCL 257.85

-1.8%

Nov 3 3:59 PM EST

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From: JakeStraw	1/16/2008 7:51:00 AM
	of 19079

Oracle Agrees to Buy BEA for $7.85 Billion, Months After Dropping Lower Offer biz.yahoo.com REDWOOD SHORES, Calif. (AP) -- Business software maker Oracle Corp. said Wednesday it agreed to buy BEA Systems Inc. for about $7.85 billion, a compromise price that ends a months-long dispute over the value of the software company. Oracle agreed to pay $19.375 per share for BEA, which makes "middleware," the computer coding that helps business applications interact more smoothly with databases. The price is based on 405.3 million outstanding BEA shares as of Nov. 30. Oracle put the total price of the deal at $8.5 billion.

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