SAP ups Retek Bid to Thwart Oracle

Posted in: Technical Track

The bidding war is on. SAP has gone up to $11 per share in its bid to takeover Retek. This makes their offer 22 percent higher than Oracle’s previous counterbid of $9 per share. Retek has recommended to investors accepting SAP’s offer, which includes a termination fee of $25 million if they walk away from the deal.

Oracle has not yet commented on SAP’s latest offer, or whether a counter offer is in the works. read article.

Interested in working with Paul? Schedule a tech call.

About the Author

As Pythian’s Chief Executive Officer, Paul leads this center of excellence for expert, outsourced technical services for companies whose systems are directly tied to revenue growth and business success. His passion and foresight for using data and technology to drive business success has helped Pythian become a high-growth global company with over 400 employees and offices in North America, Europe, and Asia. Paul, who started his career as a data scientist, founded Pythian when he was 25 years old. In addition to driving the business, Paul is a vocal proponent of diversity in the workplace, human rights, and economic empowerment. He supports his commitment through Pythian’s hiring and retention practices, his role as board member for the Basic Income Canada Network, and as a supporter of women in technology.

No comments

Leave a Reply

Your email address will not be published. Required fields are marked *