According to BloggingStocks, Oracle's President Charles Phillips has said that the company has the budget to spend a whopping $70 billion for deals over the next five years. Although he retracted the statement, Oracle has been shelling out big bucks on acquisitions, including the multibillion dollar deal with Sun Microsystems.
The acquisitions aren’t likely to slow down. Reuters quotes Oracle chief financial officer Jeff Epstein as saying:
“We will continue to invest heavily in internal research and development and we'll continue to make small acquisitions and large acquisitions to acquire great products, great R&D.”
We’ve compiled a list of Oracle’s 2010 acquisitions thus far.
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