Never Miss a Beat: Get a snapshot of the issues affecting the IT industry straight to your inbox.
Reports surfaced Thursday that Oracle has set its acquisitive eye on ERP rival SAP.
1 Min Read
Here's a boost for adrenaline junkies: Reports surfaced Wednesday that Oracle has set its acquisitive eye on SAP.
That would be S(-full stop-)A-(full-stop-)P(-full stop), the ERP giant. Or, as Oracle chairman Larry Ellison has taken to calling it: "Sap." As in rhymes with "tap."
In the words of the CBRonline staff writer:
"The oddly specific rumor had it that Oracle was preparing to offer 38.5 euros ($49.78) per SAP share. The speculation sent SAP shares up by 1.7% by midday, to 36.23 euros."
A PR person displayed the headline on her Blackberry last night causing me to nearly cough up a lung. How could an SAP-Oracle combo, a merging of the number one and two enterprise software players in the universe, pass regulatory muster? The short answer: It couldn't.
Here's the play-by-play:
Knee jerk reaction: "B.S."
Second reaction: "Hmmmm, This is Larry Ellison we're talking about."
Many immediately discounted his PeopleSoft bid as a PR stunt or a corporate dirty trick. Well guess what? It took.
Even though I always thought PeopleSoft "Oracle was a do-able deal, the Siebel Systems buy seemed implausable. Wrong again. Siebel is part-and-parcel of Oracle.
Will SAP join the stable? It strains credulity. But strange things come out of Redwood Shores.
About the Author(s)
You May Also Like
More Insights
Webinars
Editor's Choice
May 2, 2024
While there are plentiful options in cyber resiliency and business continuity tools and platforms, there isn’t one that can knock out everything from sudden cloud outages to prolonged ransomware attacks in a single punch. What can you do to keep the company on its feet no matter what is thrown at it? Find out in this new virtual event.
Reserve Your Seat Now