What Will The Taleo Purchase Bring To Oracle? On 9 February 2012, Oracle announced its purchase of human resources management software maker Taleo Corp. for $1.9 billion. Taleo’s cloud-based talent management solutions optimize how organizations hire, manage, develop and motivate employees to improve performance and drive growth. The $1.9 billion price values Taleo at $46 a share, an 18% premium to the company’s closing stock price of $38.94 the day before. Even for a company as large as Oracle, this represents a significant amount of money. So, what will this acquisition bring to Larry Ellison and company? First of all,
initial public offering
Bloomberg Report: Zynga Rises in Debut After Raising $1B in IPO Zynga Inc., the largest maker of games for Facebook, was little changed in its first day of trading after raising $1 billion in an initial public offering that gave it a higher valuation than Electronic Arts Inc. (ERTS) The shares, listed on the Nasdaq Stock Market under the symbol ZNGA, gained 1 cent to $10.01 at 11:36 a.m. New York time. The developer of games such as “CityVille,” “FarmVille” and “Mafia Wars” sold 100 million shares for $10 each, the top end of an $8.50 to $10 range, Zynga said in a
