Oracle Buys Siebel for $5.85B

Oracle is buying CRM vendor Siebel for $5.85B, which equates to $10.66 per Siebel share. Siebel has sought to be a major player in the data warehousing area with the acquisition of nQuire, which Siebel folded into its suite of offerings as Siebel Analytics. It is unlikely that Oracle will keep the Siebel Analytics component, since Oracle already offers its own suite of data warehousing tools.