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Oracle Nabs BEA To Further Middleware Ambitions »

BEA Systems did not get the $21/share that it wanted, but the $19.375 that it accepted today from Oracle was at least a couple more bucks than was originally offered by Larry Eliison’s juggernaut back in October of last year, and valued the company at $8.5 billion. Facing a potential downturn in the market, BEA probably got as good a price as it was going to. Oracle CEO Ellison noted that the “combination with BEA gets us where we need to be [in the middleware market],” adding that there is a big overlap in the two companies’ customer bases.

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