Friday, February 01, 2008

Oracle makes a bid for Delaware

Why not?

Wilmington, DE - Oracle CEO Larry Ellison today announced his intention to purchase the state of Delaware for $300 million in cash and Oracle stock. The move comes on the heels of Oracle's bid for rival software firm PeopleSoft, and is the first time that an offer has been made to buy a U.S. territory.

Delaware governor Ruth Ann Minner responded to the bid with shock and seemed certain that the hostile takeover could be avoided.

"Oracle's bid comes as a big surprise to the government and people of Delaware", said Minner at a press conference. "At this point, we are checking into whether or not a company, such as Oracle, can buy a state, and whether or not Delaware is actually for sale."


As one who has driven over Delaware's toll roads and bridges, I see the State as a real source of revenue if handled rightly. I'm just surprised that Warren Buffett didn't see the possibilities first.

9 comments:

barb michelen said...
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Santoshkumar Shetgar said...

it seems oracle is the first company to make a bid for state?

miriam said...

The first, but perhaps not the last.

Paul Smith Jr. said...

I think we'd do a lot better if we were run for profit.

Tat said...

first they have to buy Brooklyn bridge.
for practice.

miriam said...

Tat: There are no tolls on the Brooklyn Bridge. How about the George Washington? Or the Triborough?

SnoopyTheGoon said...

I believe in Google's way. Stick a fortune cookie-style ad in every burger, cake, etc. Cover the highways by ads, stick ads on every building... why not start with Delaware?

Tat said...

Miriam; there are no tolls on Brooklyn Bridge now. If they'll buy it, they will be free to do with it whatever they want, including charging for passage. Or for using in the movies' visuals. Or requesting royalties from all future Joseph Stellas, every time they want to paint and exhibit BB' resemblance.
Possibilities are endless!

Tat said...

oh, as to Triborough & - don't want to denigrate all other NY bridges (I love all you, guys!), but it's the celebrity status, you know. Location, location and all that.