Friday, April 13, 2007

Oracle $3.3B Hyperion Deal Cleared

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REDWOOD SHORES, Calif. — Software company Oracle Corp. on Wednesday said it received regulatory clearance to acquire Hyperion Solutions Corp. for $3.3 billion.

The all-cash transaction was first announced in March.

The purchase of Santa Clara-based Hyperion is the company's largest since buying Siebel Systems Inc. in late 2005 for $6.1 billion.

Hyperion Solutions shares fell 5 cents at $51.85 on the Nasdaq Stock Market, and Oracle shares ended down 26 cents at $18.59 on the Nasdaq.

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