SAP vs. Oracle "War" ===> Retek
My friend who is employee of Retek told me he would be a SAP employee. Because SAP gave offer to buy Retek. Retek is the leading worldwide provider of mission-critical software and services to the retail industry. I said if SAP buys Retek, it would get a great advantage in terms of Oracle competition. I thought Oracle (Larry Ellison, Oracle CEO)couldn't accept this situation. So today I came accross some news Oracle decided to take a role in this stage.
- ComputerWorld: Oracle tries to outbid SAP for Retek
- The Register: Oracle puts $525m between SAP and Retek
- internetnews.com: Oracle Makes Bid For Retek
- InformationWeek: Oracle Bids For Retek, Tries To Block SAP
- InfoWorld: Oracle tries to outbid SAP for Retek
Oracle CEO Larry Ellison sent a letter to Retek's board of directors. Here this is letter: Oracle Makes Cash Tender Offer for Retek at $9.00 per Share
I remember some news which mention Larry Ellison declares “War” on SAP. I've seen war between Oracle and SAP. Let's see who is going to win this war.
Tags: Oracle
