I agree with many of the posts. Could be LE pushing the idea to see what kind of feedback occurs.
I am sure that O would be overvalued. Looking at the list of apps and assigning value doesn't really work, as most of the stuff is c-ap, but they won't point that out on the balance sheet.
If O is bought, it's absolutely guaranteed that there will be massive layoffs not long after. Put normal, responsible management at the top of Oracle and they will go through everything and really determine who should stay and who should go. Most will go. People are allowed to hang at Oracle even when they are producing no results. Management is in on the scam, so they don't clean anything up.