Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

The Seattle Times Winner of Eight Pulitzer Prizes

Business / Technology


Our network sites seattletimes.com | Advanced
Quick links: Traffic | Movies | Restaurants | Today's events | Video | Photos | Interactives | Blogs | Forums | Subscriber Services
Contact us

Originally published Wednesday, September 1, 2010 at 6:06 PM

Comments (0)     E-mail E-mail article      Print Print      Share Share

Taleo to buy Learn.com for $125 million

Human resources software maker Taleo Corp. said Wednesday it has agreed to buy software company Learn.com Inc. for $125 million in cash.

The Associated Press

DUBLIN, Calif. —

Human resources software maker Taleo Corp. said Wednesday it has agreed to buy software company Learn.com Inc. for $125 million in cash.

Under the terms of the deal, Taleo agreed to offer up to $2 million of interim financing in connection with the acquisition, to be drawn down by Learn.com. Any amount outstanding when the transaction closes will be deducted from the purchase price.

The deal is expected to close at the end of the year.

Taleo said the acquisition will strengthen its position in the learning management systems market.

Learn.com's products are used by more than 500 companies worldwide, Taleo said.

Both companies have been strategic partners since September 2009.

Taleo shares rose $1.27, or nearly 5 percent, to $26.90 on Wednesday.

What's this?

E-mail E-mail article      Print Print      Share Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

Comments
No comments have been posted to this article.
Read all comments / Share your thoughts

advertising


Get home delivery today!

Video

Advertising

AP Video

Entertainment | Top Video | World | Offbeat Video | Sci-Tech

Marketplace

 
Most read
Most commented
Most e-mailed
 
 
  1. Lakewood cop accused of embezzling $150K meant for slain officers' families
  2. 3 big health insurers stockpile $2.4 billion as rates keep rising
  3. Agency set to investigate handling of 911 call about Josh Powell
  4. Quick decisions: How Washington hired its new football staff
  5. Historic day for gay marriage as another fight looms
  6. Justin Wilcox's versatile defensive style is the right fit for Huskies | Jerry Brewer
  7. It's Terrence Time: Enigmatic Ross leads Huskies
  8. Social worker recounts minutes before Powell fire
  9. $25B settlement reached over foreclosure abuses
  10. Club promoter convicted in brutal 2010 murder of Des Moines prostitute
  1. Gay-marriage bill passes House, awaits Gregoire's signature Comments434
  2. Historic day for gay marriage as another fight looming Comments346
  3. Sheriff's office unhappy with 911 dispatcher in caseworker's call Comments282
  4. 3 big health insurers stockpile $2.4 billion as rates keep rising Comments235
  5. Source: NY, California to sign mortgage settlement Comments210
  6. Oregon live game thread Comments153
  7. Pac-12 picks ... including the UW game Comments140
  8. Lakewood cop accused of taking donations for slain officers' families Comments111
  9. Department of Justice owes the Seattle Police Department an apology Comments88
  10. Wanted in Seattle classrooms: more teachers of color Comments73
  1. State Medicaid program to stop paying for unneeded ER visits
  2. 3 big health insurers stockpile $2.4 billion as rates keep rising
  3. One man's audacious pursuit of sailing history
  4. Darren Berg gets 18-year sentence for Ponzi scheme
  5. $25B settlement reached over foreclosure abuses
  6. A wandering gene's destructive path | Book review
  7. 'Gauguin and Polynesia': dazzling mix-and-match | Art review
  8. UW opening incubator facility for startups
  9. Controversial principal at Lowell Elementary takes job in Tacoma
  10. Lakewood cop accused of embezzling $150K meant for slain officers' families

Most viewed imagesMore

Advertising