Excerpt from Dave Kellogg analysis
If either Oracle or IBM cared about a document-oriented, unstructured data platform, they could acquire other companies (e.g., MarkLogic!?) for a lot less than $10B. If they care about enterprise search, they could buy one of many small vendors in that space or put (more) wood behind Lucene and Solr. They already have offerings in web content management and e-discovery. The key point is that if you de-construct Autonomy, Oracle and IBM either already have or could easily buy each of the pieces. Buying them all-in-one at discount? Maybe. At $10B for the starting bid? Methinks not.