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What? Oracle buying Hyperion?

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Under the direction of CEO Larry Ellison, Oracle has acquired several rival companies in the last few years.

Oracle and Hyperion did not immediately return calls seeking comment. Oracle is based in Redwood City, California, and Hyperion in Santa Clara, California.

Hyperion (Charts) shares closed on Wednesday at $42.84, giving the company a market value of about $2.53 billion based on reported shares outstanding. Oracle (Charts) shares closed at $16.43. Both companies’ shares trade on the Nasdaq.

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