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.
Microsoft last week launched a hostile US$44.6bn takeover bid to buy Web giant Yahoo. If the deal goes ahead it will be the latest in a line of multibillion-dollar mergers and acquisitions the tech sector has witnessed in recent years.
SAP has no plans to join Oracle and get involved in the megamerger game.
SAP announced Monday its third-party support and maintenance company TomorrowNow, which is embroiled in a legal battle with archrival Oracle, may be put up for sale.
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 plans Tuesday to buy Agile Software in a $495 million cash deal, giving the software giant a foothold in the product lifecycle management business.
Microsoft on Thursday said it has acquired privately held Stratature, a company that specialises in so-called master data management software.
Billions of dollars worth of acquisitions have bought Oracle a perhaps unexpected bonus: security lessons.
Oracle has acquired a privately held computer-security company, continuing an acquisition spree started in recent months.
Oracle's megamerger with Siebel Systems received mixed reviews on Monday from analysts, customers and partners, but there were few concerns about the companies' ability to integrate.
Oracle outlined its integration plans for Siebel Systems on Thursday, with 2,000 job cuts among the most notable tasks at hand.
Australia's competition regulators are this week combing through a United States court ruling that clears the way for Oracle to pursue a US$7.7 billion acquisition of PeopleSoft.
Larry Ellison said engineering rather than deal-making will be Oracle's top priority over the next two years as the company prepares for an increasingly competitive business applications market.
Oracle director Joseph Grundfest acknowledged during courtroom testimony Thursday that the company's US$21-a-share offer for PeopleSoft may not be its last.
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