Oracle withdrew its $6.7 billion, $17-a-share bid for business-software firm BEA after its buyout offer expired last night. BEA had set a $21-a-share floor for bidding. Leading BEA investor Carl Icahn vowed a proxy fight with BEA’s board. Meanwhile, Trip Chowdhry, an analyst with Global Equities Research, said he thought Oracle would be back. “It’s like buying a car that you want. Sometimes you have to walk away,” he said. (Reuters)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
July 12 editorial cartoonsCartoons Saturday's political cartoons include generational ennui, tariffs on Canada, and a conspiracy rabbit hole
-
5 unusually elusive cartoons about the Epstein filesCartoons Artists take on Pam Bondi's vanishing desk, the Mar-a-Lago bathrooms, and more
-
Lemon and courgette carbonara recipeThe Week Recommends Zingy and fresh, this pasta is a summer treat
