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Monday, September 12, 2005

Oracle to buy Seibel

You really have to wonder if the inmates are running the asylum but Oracle has agreed to buy Seibel for 5+ billion. The article says that they have to borrow $1.5 billion to get the deal through. I smell WorldCom in this. Oracle is big and rich but the costs for acquisition is always expensive. I guess time will tell. Here is the story.
 

 

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