April 02, 2017 at 09:25PM
Earlier this week, news circulated that database giant Oracle had begun the process of looking at IT consultant giant Accenture, with an eye toward acquisition.
Accenture has a market cap of $77.5 billion. So, with the premium Oracle would have to pay to make such a deal work, this would have been a pricey move for Oracle.
The report was from Paul Kunert's The Register and cited a person who told Kunert, "While these things have a habit of fizzling out there are some fairly serious players around the table."
And, it turns out, the deal is unlikely at best. Oracle spokeswoman Deborah Hellinger tells Business Insider:
"The Accenture rumor is completely untrue. Never even considered it. Completely made up."
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