Oracle $3.3B Hyperion deal cleared |
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Wed, 11 Apr 2007 22:54
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REDWOOD SHORES, Calif. (AP) - Software company Oracle Corp. on Wednesday said it received regulatory clearance to acquire Hyperion Solutions Corp. for $3.3 billion.The all-cash transaction was first announced in March.The purchase of Santa Clara-based Hyperion is the company's largest since buying Siebel Systems Inc. in late 2005 for $6.1 billion.Hyperion Solutions shares fell 5 cents at $51.85 on the Nasdaq Stock Market, and Oracle shares ended down 26 cents at $18.59 on the Nasdaq.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Oracle to buy Hyperion for $3.3 billion 