Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of talent management software maker Taleo
So what: The deal comes out to about $46 per share, a roughly 18% premium over yesterday's close. The move is notable because Taleo follows in rival SAP's
Now what: The SuccessFactors deal carried a heftier 52% premium. Oracle exec Thomas Kurian said, "Human-capital management has become a strategic initiative for organizations. Taleo's industry-leading talent-management cloud is an important addition to the Oracle Public Cloud." With the recent streak of Goliaths swallowing Davids, don't be surprised if consolidation within the cloud software sector continues.
Interested in more info on Taleo? Add it to your watchlist by clicking here.
Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Oracle. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.