Oracle has started a bidding war with SAP over the acquisition of Retek. Oralce's bid comes in about $30 higher than an earlier offer by SAP for the provider of ERP and SCM software for retailers.
What can we say? Oracle once again lives up to its reputation of being a fierce and aggressive player in the market for enterprise applications. The company earlier this year won a lengthy takeover battle over Peoplesoft.
Soon after the presentation of the combined Oracle|Peoplesoft venture in January, Oracle executive Larry Ellison already announced that new acquisitions wouldn't take long. But we never thought it would be this soon – and would have expected an acquisition in the middleware space more than one in applications.
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