Oracle to put BEA out of its misery

by Tom Sanders

12 Oct 2007

Oracle has put in a bid to purchase BEA for $6.7bn. BEA promptly turned down the offer, claiming that the firm was worth much more. But BEA president turn down the offer either.

Beaoracle Shareholders apparently see a bidding war around the corner. News of the bid caused a nearly 40 per cent jump in BEA stock. The firm is now valued at $7.4bn.

BEA hasn't been going anywhere for a while. It's application server is been reduced to a best of breed product that is operating in the shadow of IBM's Webshpere. BEA also has failed to formulate an answer to the rise of open source application servers, most notably Jboss.

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