Oracle will deny acquisition of Kingdee software said an industry speculation

August 11th news, according to foreign media reports, Oracle said Thursday that currently on the "Oracle's acquisition of Kingdee software" report is purely speculation".

According to British media reports, sources said Wednesday, Oracle will be $150 million acquisition of China's Shenzhen Kingdee software company. For the deal will take the form of cash and stock, which accounted for $80 million in cash. The two sides are expected to reach a final agreement by the end of this year.

In this regard, Oracle Asia Pacific spokesman Chi Cho Hea said: This is just a guess!"

It is reported that from 2005 to $10 billion 300 million acquisition of PeopleSoft, Oracle began frantically acquisitions. From last year to now, only a year and a half of Oracle acquired nearly 20 software vendors, the total value of nearly $20 billion.

Not long ago, Oracle CEO Larry - in an interview with the magazine, said Forbes, Oracle will use the cash in the hands of continuing mergers and acquisitions ().

In this regard, IDC analysts said, Kingdee is China's top software vendors, but the business is mainly concentrated in the small and medium enterprise market. In the high-end market is facing severe challenges international software vendors.