Oracle has offered to purchase rival BEA Systems for US$17 per share, a total of about US$6.66 billion in cash -- but BEA rejected the offer as too low.
Oracle withdraws its $6.7 billion buyout bid for BEA Systems, after the middleware maker refuses to entertain its $17 a share bid.
Oracle and BEA Systems have traded salvos over the series of events that led to Oracle's bid for the company.
Oracle announced Tuesday it completed its US$8.5 billion acquisition of BEA Systems, bringing to a close a contentious buyout effort that began last spring.
BEA Systems announced on Wednesday it has acquired applications tools developer M7, as the middleware company seeks to expand its open source tools chest.
BEA Systems announced on Wednesday that it bought business process management software maker Fuego for US$87.5 million in cash.
Oracle laid out the pros and cons of nine potential acquisitions, offering in court documents a rare glimpse into the software maker's merger mindset when sizing up potential deals.
Software provider BEA Systems said it had "no control" over whether any hostile takeover offer was made, following an indication from Oracle that the company was one of its take-over candidates.
Linux gets a good share of the headlines, but Windows server software is grabbing a good share of the dough.
The chip maker is launching its long-anticipated foray into wireless networking with a new chipset and reference design kit from the nascent Connectivity Solutions division.
Oracle has acquired a privately held computer-security company, continuing an acquisition spree started in recent months.
If Oracle renews its bid for rival BEA Systems, it would come in at a price below its initial offer of US$17 a share, the company told analysts Wednesday.
BEA Systems is looking to new products to stimulate licence revenue and allay concerns about the company, according to its CEO Alfred Chuang.
Oracle unveiled a new open enterprise software application on Monday in the US, designed to improve the way users collaborate and communicate on projects.
BEA Systems is eyeing off further acquisitions as uptake of its service-oriented architecture (SOA) products slowly expands in the Asia-Pacific region.
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