Oracle tops SAP`s bid for Retek

Posted in: Technical Track

Oracle has upped its Retek offer from $9 to $11.25 per share, a figure which is 2 percent above SAP’s latest bid of

$11. Since SAP had called its last offer a “best and final” offer, it is unclear whether another counter-offer will be forthcoming.

Analysts have indicated that allowing Retek to land in the hands of SAP could be a severe blow to Oracle’s retail strategy.

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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.

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