You read it here first (numbers on BEA and Oracle), BEA is easily worth $21 for Oracle.
You also read it here second, there would be no other bidder than Oracle on BEA.
So BEA came out on thursday asking $21 from Oracle and Oracle answered "there is no other bidder" for BEA so the offer still is $17 and, btw, it expires Sunday.
There has been no net new progress. The negotiation are done and in that twillight zone I call the "bullshit talk-zone", where each one has stated its case and knows the other parties case is as solid as theirs.
Since there is no valuation mismatch logic would state the deal will get done by Sunday. I beleive it will probably be closer to $17 than $21 since Oracle has the upper hand. Oracle can afford to pass on BEA. BEA cannot afford to pass on this deal.
This is done. For those in the know: Project Game Over will soon reach completion. For me personally it will be the end of an era.