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These excerpts taken from the ORCL 10-K filed Jun 29, 2009. Hyperion
Solutions Corporation
On April 13, 2007, we acquired majority ownership of
Hyperion Solutions Corporation by means of a cash tender offer
and, subsequently, completed a merger of Hyperion with one of
our wholly owned subsidiaries such that Hyperion became a wholly
owned subsidiary of Oracle on April 19, 2007. We acquired
Hyperion to expand our offerings of enterprise performance
management and business intelligence software solutions.
The total purchase price for Hyperion was $3.2 billion
which consisted of approximately $3.1 billion in cash paid
to acquire the outstanding common stock of Hyperion,
$51 million for the fair value of Hyperion options assumed
and restricted stock awards exchanged and $21 million for
acquisition related transaction costs. In allocating the
purchase price based on estimated fair values, we recorded
approximately $1.6 billion of goodwill, $1.5 billion
of identifiable intangible assets, $118 million of net
tangible assets and $56 million of in-process research and
development.
Hyperion Solutions Corporation On April 13, 2007, we acquired majority ownership of Hyperion Solutions Corporation by means of a cash tender offer and, subsequently, completed a merger of Hyperion with one of our wholly owned subsidiaries such that Hyperion became a wholly owned subsidiary of Oracle on April 19, 2007. We acquired Hyperion to expand our offerings of enterprise performance management and business intelligence software solutions. The total purchase price for Hyperion was $3.2 billion which consisted of approximately $3.1 billion in cash paid to acquire the outstanding common stock of Hyperion, $51 million for the fair value of Hyperion options assumed and restricted stock awards exchanged and $21 million for acquisition related transaction costs. In allocating the purchase price based on estimated fair values, we recorded approximately $1.6 billion of goodwill, $1.5 billion of identifiable intangible assets, $118 million of net tangible assets and $56 million of in-process research and development. These excerpts taken from the ORCL 10-K filed Jul 2, 2008. Hyperion
Solutions Corporation
On April 13, 2007, we acquired majority ownership of
Hyperion Solutions Corporation by means of a cash tender offer
and, subsequently, completed a merger of Hyperion with one of
our wholly owned subsidiaries such that Hyperion became a wholly
owned subsidiary of Oracle on April 19, 2007. We acquired
Hyperion to expand our offerings of enterprise performance
management and business intelligence software solutions.
The total purchase price for Hyperion was $3.2 billion
which consisted of $3,171 million in cash paid to acquire
the outstanding common stock of Hyperion, $51 million for
the fair value of Hyperion options assumed and restricted stock
awards exchanged and $27 million for acquisition related
transaction costs. In allocating the purchase price based on
estimated fair values, we recorded approximately
$1,638 million of goodwill, $1,460 million of
identifiable intangible assets, $95 million of net tangible
assets and $56 million of in-process research and
development.
Hyperion Solutions Corporation On April 13, 2007, we acquired majority ownership of Hyperion Solutions Corporation by means of a cash tender offer and, subsequently, completed a merger of Hyperion with one of our wholly owned subsidiaries such that Hyperion became a wholly owned subsidiary of Oracle on April 19, 2007. We acquired Hyperion to expand our offerings of enterprise performance management and business intelligence software solutions. The total purchase price for Hyperion was $3.2 billion which consisted of $3,171 million in cash paid to acquire the outstanding common stock of Hyperion, $51 million for the fair value of Hyperion options assumed and restricted stock awards exchanged and $27 million for acquisition related transaction costs. In allocating the purchase price based on estimated fair values, we recorded approximately $1,638 million of goodwill, $1,460 million of identifiable intangible assets, $95 million of net tangible assets and $56 million of in-process research and development. This excerpt taken from the ORCL 10-Q filed Apr 1, 2008. Hyperion
Solutions Corporation
On April 13, 2007, we acquired majority ownership of
Hyperion Solutions Corporation by means of a cash tender offer
and, subsequently, completed a merger of Hyperion with our
wholly owned subsidiary on April 19, 2007. We acquired
Hyperion to expand our offerings of enterprise performance
management and business intelligence software solutions.
The total purchase price for Hyperion was $3.2 billion
which consisted of $3,171 million in cash paid to acquire
the outstanding common stock of Hyperion, $51 million for
the fair value of Hyperion options assumed and restricted stock
awards exchanged and $27 million for acquisition related
transaction costs. In allocating the purchase price based on
estimated fair values, we recorded approximately
$1,660 million of goodwill, $1,460 million of
identifiable intangible assets, $73 million of net tangible
assets and $56 million of in-process research and
development. The preliminary allocation of the purchase price
was based upon a preliminary valuation and our estimates and
assumptions are subject to change. The primary areas of the
purchase price allocation that are not yet finalized relate to
certain restructuring liabilities, legal matters, income and
non-income based taxes and residual goodwill.
Table of Contents
ORACLE
CORPORATION
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued) February 29, 2008 (Unaudited) This excerpt taken from the ORCL 10-Q filed Dec 21, 2007. Hyperion
Solutions Corporation
On April 13, 2007, we acquired majority ownership of
Hyperion Solutions Corporation by means of a cash tender offer
and, subsequently, completed a merger of Hyperion with our
wholly-owned subsidiary on April 19, 2007. We acquired
Hyperion to expand our offerings of enterprise performance
management and business intelligence software solutions.
The total purchase price for Hyperion was $3.2 billion
which consisted of $3,171 million in cash paid to acquire
the outstanding common stock of Hyperion, $51 million for
the fair value of Hyperion options assumed and restricted stock
awards exchanged and $27 million for acquisition related
transaction costs. In allocating the purchase price based on
estimated fair values, we recorded approximately
$1,658 million of goodwill, $1,460 million of
identifiable intangible assets, $75 million of net tangible
assets and $56 million of in-process research and
development. The preliminary allocation of the purchase price
was based upon a preliminary valuation and our estimates and
assumptions are subject to change. The primary areas of the
purchase price allocation that are not yet finalized relate to
certain restructuring liabilities, legal matters, income and
non-income based taxes and residual goodwill.
This excerpt taken from the ORCL 10-Q filed Sep 26, 2007. Hyperion
Solutions Corporation
On April 13, 2007, we acquired majority ownership of
Hyperion Solutions Corporation by means of a cash tender offer
and, subsequently, completed a merger of Hyperion with our
wholly-owned subsidiary on April 19, 2007. We acquired
Hyperion to expand our offerings of enterprise performance
management and business intelligence software solutions.
The total purchase price for Hyperion was $3.2 billion
which consisted of $3,171 million in cash paid to acquire
the outstanding common stock of Hyperion, $51 million for
the fair value of Hyperion options assumed and restricted stock
awards exchanged and $27 million for acquisition related
transaction costs. In allocating the purchase price based on
estimated fair values, we recorded approximately
$1,620 million of goodwill, $1,460 million of
identifiable intangible assets, $113 million of net
tangible assets and $56 million of in-process research and
development. The preliminary allocation of the purchase price
was based upon a preliminary valuation and our estimates and
assumptions are subject to change. The primary areas of the
purchase price allocation that are not yet finalized relate to
certain restructuring liabilities, legal matters, income and
non-income based taxes and residual goodwill.
This excerpt taken from the ORCL 10-K filed Jun 29, 2007. Hyperion
Solutions Corporation
On April 13, 2007, we obtained majority ownership of the
outstanding common stock of Hyperion Solutions Corporation via a
cash tender offer as agreed to between us and Hyperion pursuant
to an Agreement and Plan of Merger dated February 28, 2007
(Merger Agreement). We acquired Hyperion to extend our reach of
product offerings into the enterprise performance management
marketplace, as well as to expand our presence in the business
intelligence software marketplace.
On April 19, 2007, we completed the merger of our
wholly-owned subsidiary with and into Hyperion and converted
each remaining outstanding share of Hyperion common stock not
tendered, into a right to receive $52.00 per share in cash,
without interest. We have included the financial results of
Hyperion in our consolidated financial statements as of
April 13, 2007. The minority interest in the earnings of
Hyperion for the period from April 13, 2007 to
April 19, 2007 was nominal.
The total purchase price for Hyperion was approximately
$3.3 billion and is comprised of:
Fair value of estimated options assumed and restricted stock
awards/units exchanged: As of April 19, 2007, Hyperion
had approximately 6 million stock options, restricted stock
awards and restricted stock units outstanding. In accordance
with the Merger Agreement, the conversion value of each option
assumed was based on the exercise price of each Hyperion option
multiplied by the conversion ratio of 0.3598, which was
calculated as the average Oracle stock price for 10 days
prior to the closing date of April 19, 2007 divided by the
consideration price of $52.00 paid by Oracle for each Hyperion
common share outstanding.
The fair value of options assumed and awards exchanged was
determined using a Black-Scholes-Merton valuation model with the
following assumptions: expected life of 1.5 to 4.4 years,
risk-free interest rate of 4.50% to 4.57%, expected volatility
of 26% and no dividend yield. The fair value of unvested
Hyperion options and restricted stock awards related to future
service is being amortized on a straight-line basis over the
remaining service period, while the value of vested options is
included in total purchase price.
Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS—(Continued)
May 31, 2007
Acquisition related transaction
costs: Acquisition related transaction costs
include estimated investment banking fees, legal and accounting
fees and other external costs directly related to the
acquisition.
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