SAN FRANCISCO (MarketWatch) -- Oracle Corp.'s $670 million acquisition of Retek Inc. will close tomorrow, the software giant said late Monday.

SAP has agreed to buy retail application supplier Retek for $496 million. Users and analysts are awaiting a road map of plans for Retek's software and customers.

SAP AG today showed its determination to hold on to buyout target Retek Inc. by offering a new bid of $11 cash per share today, topping Oracle's Corp.'s offer by $2 per share.

As SAP and Oracle slug it out over acquiring Retek, a retail application software vendor, the real story is obviously not about who wins the prize but what’s inside the box.

Retek is the leading enterprise retail ERP vendor, with 200+ clients mostly clustered in North America, and has been a longtime Oracle partner and acquisition target.

Last month when Oracle outbid German rival SAP in an attempt to acquire Retek, it handed over a $25 million break up fee that SAP will invest to carry forward its retail strategy. While that's ...

The company announced late Tuesday afternoon its intent to acquire, for $9 a share, retail software developer Retek Inc.—a company that SAP AG announced last week it would acquire for $8.50 a ...

While the broad, enterprise applications vendors such as SAP, Oracle, JD Edwards and PeopleSoft report shrinking revenues, a handful of companies competing with them in specific vertical markets are ...

Business software maker Oracle Corp. beat out German rival SAP AG in its bid to buy Retek Inc., reaching an agreement to purchase the retail software maker for about $670 million, Oracle said Tuesday.

Oracle made the acquisition to better compete with applications producer SAP, which made two bids to acquire Retek itself, driving the price from $8.50 a share to $11.25. SAP already offers ...

Oracle Corp. said Tuesday it would bid $525 million for Retek Inc. as it attempts to prevent the company from being sold to one if its fiercest rivals. IE 11 is not supported. For an optimal ...

When software giant SAP announced that it had agreed to buy Retek, a specialist in retail systems, the first reaction of most observers was: "Who?" Although the company was ranked the fourth fastest ...