Oracle Buys Stellent

Nov 10, 2006

Oracle has announced that it has agreed to acquire Stellent, Inc., a global provider of enterprise content management (ECM) software solutions, through a cash tender offer for $13.50 per share, or approximately $440 million. The acquisition of Stellent will complement and extend Oracle's existing content management solution portfolio. The transaction is subject to customary conditions and is expected to close by the end of the year or early 2007.