M&A Recap: Oracle BUYS Involver, Wellpoint-Amerigroup Deal WELCOMED
Wellpoint’s (NYSE:WLP) $4.46 billion purchase of Amerigroup (NYSE:AGP) is welcomed by Oppenheimer and other analysts, commenting that the acquisition “creates a leading Medicaid platform primed for robust growth.” Oppenhiemer keeps its Outperform on the stock; the transaction will be reviewed by 15 states, including Kansas.
Oracle (NASDAQ:ORCL) snaps up yet another social media marketing startup, Involver being the target this time. The latter offers a platform which brands can utilize so as to build custom Facebook pages and applications, and also to manage social media conversations on multiple networks. The buyer recently also purchased Collect Intellect and Vitrue, but elected not to buy Buddy Media, a subsequent $689 million acquisition by Salesforce.com (NYSE:CRM).
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