Oracle: We are not buying Accenture, 'never even considered it'

Earlier this week, news circulated that database giant Oracle had begun the process of looking at IT consultant giant Accenture, with an eye toward acquisition.

Accenture has a market cap of $77.5 billion. So, with the premium Oracle would have to pay to make such a deal work, this would have been a pricey move for Oracle.

The report was from Paul Kunert's The Register and cited a person who told Kunert, "While these things have a habit of fizzling out there are some fairly serious players around the table."

And, it turns out, the deal is unlikely at best. Oracle spokeswoman Deborah Hellinger tells Business Insider:

"The Accenture rumor is completely untrue. Never even considered it. Completely made up."