Oracle buys NetSuite for $9.3 billion

Oracle announced today it has agreed to purchase NetSuite, a cloud-based provider of software for running a business, including enterprise resource planning, customer relationship management, and ecommerce. At $109 per share in cash, the deal is valued at $9.3 billion. In a statement, Oracle CEO Mark Hurd described the two companies’ cloud applications as “complementary,” an ...Read the full article