Portal de Periódicos da CAPES

Oracle's Acquisition of Siebel Systems: The Battle of Two Silicon Valley Titans Comes to an End

2008; RELX Group (Netherlands); Linguagem: Inglês

10.2139/ssrn.1277007

1556-5068

Mary Margaret Frank,

Taxation and Legal Issues

In September 2005, after years of bitter competition, Siebel Systems Inc. finally agreed to be acquired by Oracle Corporation. The two companies preferred different forms of consideration as payment for Siebel Systems and used a deal structure known as a double dummy to satisfy both parties. The case requires students to examine how the unique deal structure meets the tax and non-tax preferences of the corporations and their shareholders.