The Redwood Shores database software giant (NASDAQ: ORCL) will pay $52 per share for Santa Clara's Hyperion (NASDAQ: HYSL), which sells business software.
The deal should close in April. Hyperion has about 2,700 workers.
Oracle said in a press release that the deal is part of an attempt to sell Oracle software to customers of its German archrival SAP AG (NYSE: SAP).
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Saturday, March 3, 2007
Madonna's apparel line to hit markets soon
The highly anticipated 'M by Madonna' line includes scarves, evening dresses and super-skinny pants, which are one of Madonna's signature looks.
The 30-piece collection was selected by H and M's design chief Margareta van den Bosch, who combed the singer's closets for days to get the strongest samples to use as inspiration.
'Madonna has a remarkable feel for fashion and trends,' said van den Bosch. 'She was involved in even the smallest details of the design.'
'M by Madonna' is the latest of several recent collaborations for H and M. Designer Karl Lagerfeld created an exclusive collection for the stores in 2004 and Stella McCartney followed suit a year later.
But Madonna is the first celebrity with no designing experience to infiltrate the superstore's shelves
Angelina Jolie plans to adopt Vietnamese child
A U.S. adoption agency representing the 31-year-old actress filed the papers at Vietnam's International Adoption Agency, said Vu Duc Long, the agency's director.
"She just filed the papers this week," Long said.
Jolie and her partner, Brad Pitt, have three children: 5-year-old son Maddox, adopted from Cambodia; 2-year-old daughter Zahara, adopted from Ethiopia; and another daughter, Shiloh, who was born to the couple in May.
Long would not name the U.S. adoption agency working with Jolie, who applied to adopt as a single parent.
A phone message left with Jolie's Los Angeles-based manager, Geyer Kosinski, wasn't immediately returned.
Jolie and Pitt, 43, made a surprise visit to Vietnam at Thanksgiving, when they visited the Tam Binh orphanage, on the outskirts of Ho Chi Minh City.
Their pictures were splashed across the front page of Vietnamese newspapers, showing the couple cruising around Ho Chi Minh City on a motorbike.
Nguyen Van Trung, the director of the Tam Binh orphanage, declined to comment. He said he was awaiting the papers from the International Adoption Agency.
Mariah Carey in no Hurry to Have Kids
Ashley Judd to visit Jaipur for HIV cause
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