[February 10, 2012] Oracle to acquire Taleo Tweet Feb 10, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Oracle Corporation, an enterprise software company, has entered into an agreement to acquire Taleo Corporation, a provider of cloud-based talent management solutions, at a price of $46 per share. The transaction is valued at approximately $1,900 million, net of Taleo's cash and debt. Both the companies are based in the US. The offer price represents a premium of 18.13% to Taleo's closing share price on February 8, 2012. The Board of Directors of Taleo has unanimously approved the transaction. The transaction is expected to close mid-year 2012, subject to Taleo stockholder approval, certain regulatory approvals and other customary closing conditions. Qatalyst Partners is acting as financial advisor to Taleo Corporation Deal Value (US$ Million) 1900 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2012-02-09 Deal Participants Target (Company) Taleo Corporation Acquirer (Company) Oracle Corporation Deal Rationale The acquisition will allow Oracle to add talent management cloud offering to its enterprise cloud solution Oracle Public Cloud. Together, Oracle and Taleo is expected to create a comprehensive cloud offering for organizations to manage their human resource operations (HR) and employee careers, as well as to empower employees and managers to effectively manage careers throughout their entire employment, enable organizations to retain talent and optimize costs, and improve the employee experience through faster on boarding and better collaboration with team members through social media. Bid Premium ($ per share) 18.13 [ Back To TMCnet.com's Homepage ]