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Oracle Buy Taleo Corp - Human Resources Software

10 Feb 2012 12:00 AM | Anonymous

Oracle Corp. made its second acquisition in three months, agreeing to buy human-resources software company Taleo Corp. (TLEO) for about $1.9 billion to expand in cloud computing and respond to a December deal by SAP AG. (SAP)

Holders of Taleo will get $46 a share, Redwood City, California-based Oracle, the second-largest software company, said today in a statement. That’s 18 percent higher than Taleo’s closing share price yesterday. Taleo gives Oracle tools that help companies manage human resources, recruit employees and set compensation

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