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Salesforce has approached Oracle with a $9 billion tag

Tom Forenski, a Former FT reporter (opens in new tab) and now editor at SiliconValleyWatcher, writes that has made an unsolicited approach to Oracle with a $75 per share, which is 50 percent more than the closing price of $50.87 on Friday.

If the rumour is right, this would value the company at $9 billion and according to Forenski, a buyout would make sense since would probably bring in an impressive number of customers - more than 38,000 customers and almost 1 million subscribers and provide with a stepping stone for Oracle as it transforms into a service-based business. is a well known brand in the Software as a Service world and a popular choice amongst the Small and Medium business market.

It has pioneered a new approach,, which is the first Platform as a Service, which enables developers to build business applications on demand on top of a web browser and which slashes development time and costs.

Forenski has also pointed to the strong connection between and Oracle already. Marc Benioff, CEO of Salesforce, is an ex-Oracle and Larry Ellison was an early investor in Salesforce and served on its board of directors; but Larry Ellison is also the largest single shareholder in Netsuite, which happens to be biggest rival.

The question now is whether someone else - IBM or Microsoft - might swoop in and buy outright.

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.