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Thank you for visiting my blog. I am a Cofounder & Technical Advisor here at the BeyeNETWORK. Having covered the business intelligence and data warehousing industry for more than 15 years, I'm looking forward to a more interactive form of communication with all of you. Please share your comments and thoughts!

 

 

Well the rumors have circulated for longer than any of us can remember but it appears that it is finally true. Oracle is buying Hyperion, CNN is reporting that the deal is worth over 3 Billion dollars.

Hyperion (Charts) shares closed on Wednesday at $42.84, giving the company a market value of about $2.53 billion based on reported shares outstanding. Oracle (Charts) shares closed at $16.43.

Oracle will pay $52 a share in cash for each Hyperion share, which represents a 21 percent premium over Wednesday's closing price. Shares rose by virtually the same amount in early electronic trading.

This is sure to send ripples of concern through the market and will more than likely force the hands of other companies rumored to be looking at business intelligence acquisitions.

Others covering the story:
Mark Rittman

Chris Webb's BI Blog

The New York Times

Tag: Oracle, Hyperion, Merger, Business Intelligence


Posted March 1, 2007 8:03 AM
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