Oracle to Acquire Taleo Corporation for $1.9 Billion
On February 9, 2012, Oracle announced that it has entered into an agreement to acquire Taleo Corporation, a leading provider of cloud-based talent management, for $46.00 per share, or approximately $1.9 billion. Wilson Sonsini Goodrich & Rosati advised Taleo in connection with the transaction.
Together, Oracle and Taleo expect to create a comprehensive cloud offering for organizations to manage their human resource operations and employee careers. Taleo's board of directors has unanimously approved the transaction, which is expected to close in mid-2012, subject to Taleo stockholder approval, certain regulatory approvals, and other customary closing conditions.
For more information, please refer to Oracle's press release.