Summary Box: Oracle to pay $1.9B for Taleo

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The Associated Press 10:26 AM Thursday, February 9, 2012

THE DEAL: Oracle plans to pay $1.9 billion for Taleo Corp., a company that helps businesses hire and manage their employees.

WHAT THIS MEANS: It's an escalation of its rivalry with German business-software maker SAP AG, which also recently announced plans to buy a human-resources software company.

ABOUT THE OFFERING: Taleo makes human-resources software that runs on the cloud. With such an approach, businesses don't run software and services in-house, but rather send those tasks over the Internet to remote locations.

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February 09, 2012 03:20 PM EST

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