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Oracle is buying NetSuite for $9.3 billion

Oracle is buying NetSuite for $9.3 billion

  • Oracle brings NetSuite home for $9.3 billion
  • “Oracle and NetSuite cloud applications are complementary and will coexist in the marketplace forever,” Oracle co-CEO Mark Hurd said in a statement .
  • Oracle is acquiring NetSuite, a cloud-based provider of accounting and financial management services, in a deal valued at about $9.3 billion.
  • Oracle cofounder, executive chairman, and chief technology officer Larry Ellison holds a roughly 45% share in NetSuite together with his family, according to Bloomberg.Â
  • Read Business Insider On The Go

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@SAI: “Oracle is buying NetSuite for $9.3 billion”


Oracle’s $109-a-share offer is at a 19% premium to Netsuite’s Wednesday close.


Oracle is buying NetSuite for $9.3 billion