July 28, 2016 BY Valentina Kirilova

Oracle buys NetSuite

The computer software company Oracle (NYSE: ORCL) has announced that it has entered into a definitive agreement to acquire NetSuite (NYSE: N), the very first cloud company. The transaction is valued at$109.00 per share in cash, or approximately $9.3 billion. Mark Hurd, Chief Executive Officer, Oracle, said: Oracle and NetSuite cloud applications are complementary, and will coexist…

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