Oracle Builds Cloud Services With $1.9B Taleo Buy

Law360, New York (February 9, 2012, 1:18 PM EST) -- Oracle Corp. will bulk up its cloud-based offerings with the acquisition of human resources software company Taleo Corp. for about $1.9 billion, the technology giant announced Wednesday.

Redwood Shores, Calif.-based Oracle is snapping up Taleo for $46 per share, an 18 percent premium on the closing price of the company's stock Wednesday.

Taleo's talent management cloud software helps companies recruit, develop and retain employees. Oracle said the combination will help it create a comprehensive cloud offering for companies to effectively manage their human resources needs and...
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