Investing
Oracle Skeptical of Autonomy's Price Tag, Lynch's Credibility
Published:
By: Matt Egan / FOXBusiness
Source: courtesy of Oracle
Long before Hewlett-Packard’s bombshell accusation of fraud at its Autonomy business, Oracle was publicly questioning both the integrity of Autonomy CEO and co-founder Mike Lynch as well as his company’s valuation.
After H-P acquired the enterprise software company for a final price of $11.1 billion in 2011, Oracle CEO Larry Ellison said in a conference call that Autonomy had been “shopped” to his company as well.
According to FoxBusiness, it raised a number of red flags.
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