Oracle has announced it is acquiring the cloud-based talent management provider
Taleo. It is paying $46 per share, or approximately $1.9 billion, net of Taleo’s cash and debt. Taleo’s board of directors has unanimously approved the transaction, which is expected to close mid-year 2012, subject to Taleo stockholder approval, certain regulatory approvals and other customary closing conditions. Cloud-based human resources management functionality is expected to give Oracle a competitive edge as it continues to compete with SAP in the enterprise space.
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Oracle's $1.9B Taleo Deal Ratchets Up Competition in HR Space
Posted by: Erika Morphy February 10, 2012 09:12 AMOracle has announced it is acquiring the cloud-based talent management provider
Taleo. It is paying $46 per share, or approximately $1.9 billion, net of Taleo’s cash and debt. Taleo’s board of directors has unanimously approved the transaction, which is expected to close mid-year 2012, subject to Taleo stockholder approval, certain regulatory approvals and other customary closing conditions. Cloud-based human resources management functionality is expected to give Oracle a competitive edge as it continues to compete with SAP in the enterprise space.