BEA Systems has rejected a roughly $6.7 billion acquisition offer from Oracle, a deal that, if it were to happen, would be the latest in a string of deals for Oracle affecting the telecom OSS/BSS market. There has been a good deal of consolidation in that market over the last few years, and Oracle, not surprisingly has been among the lead M&A dogs.
Despite the rejection, Oracle has been in this position before and probably won't go away anytime soon. BEA is looking for a higher price. Also, BEA has been pressured by billionaire investor Carl Icahn to sell to someone, so stay tuned.
For more:
- Read this analysis in Telephony
Related articles:
- Oracle made a bid for BEA last week