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So what: The deal comes out to about $46 per share, a roughly 18% premium over yesterday's close. The move is notable because Taleo follows in rival SAP's (NYS: SAP) footsteps when it similarly acquired SuccessFactors (NYS: SFSF) a couple of months ago for $3.4 billion.
Now what: The SuccessFactors deal carried a heftier 52% premium. Oracle exec Thomas Kurian said, "Human-capital management has become a strategic initiative for organizations. Taleo's industry-leading talent-management cloud is an important addition to the Oracle Public Cloud." With the recent streak of Goliaths swallowing Davids, don't be surprised if consolidation within the cloud software sector continues.
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At the time thisarticle was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool owns shares of Oracle. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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