Oracle Acquires Netsuite For $9.3 Billion

Oracle Corp plans to acquire cloud software company NetSuite in a $9.3 billion deal, the companies said Thursday.        

Topics:  oracle   netsuite   billion   
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    On July 28, 2016, Oracle announced that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. The proposed transaction is expected to close in 2016. Until the transaction closes, Oracle and NetSuite will continue to operate independently.
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    Seeking to build up its cloud-based offerings, Oracle Corp. has purchased NetSuite for $9.3 billion in a transaction expected to close this year, subject to regulatory and shareholder approval. It’s a big deal even for a serial acquirer such as Oracle, which paid $5.3 billion in 2014 for Micros Systems.
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