So far, Oracle's on-demand business is growing at about 60 percent a year, he noted. "Siebel will help us even more, because CRM is one area where we didn't have a lot of hosted customers," he said.

In the Siebel deal, Oracle agreed to pay $10.66 for each share of Siebel stock. The San Mateo firm had been struggling this year, with sales down and the stock having dropped from a high of $10.85 ...

Oracle previously tried to resell Siebel products to its customers, but that didn't work for some, because Siebel's functionality is complex. For those customers the best bet might be an on-demand ...

SAN FRANCISCO — Oracle is buying hobbled Siebel Systems for about $5.85 billion, eliminating another competitor in its campaign to grab market share from business-applications software leader SAP.

Siebel is the latest in a line of relentless acquisitions by Oracle, following the capture of PeopleSoft, and will enhance Oracle's existing collection of middleware applications.

Oracle and Siebel, which had held casual discussions in the past about a potential merger, according to the SEC filing, entered into more formal talks in November 2003.

Shareholders of Siebel (Research) will receive $10.66 a share in either cash or Oracle (Research) shares for each of their shares, a premium of 17 percent from Friday's closing price.

Oracle Corp.’s agreement to buy Siebel Systems Inc. immediately raised questions about the future of Siebel’s CRM OnDemand service — a venture in which Oracle rival IBM Corp. is deeply involved.

After Siebel, Oracle may finally be tapped out on its ability to pull off multibillion dollar deals without taking on significant debt: Oracle Chief Financial Officer Greg Maffei estimated that ...

Oracle agreed to pay $10.66 a share, a premium of $1.53 a share over Siebel’s closing price of $9.13 Friday. Siebel shareholders will get cash unless they elect to receive Oracle common stock ...