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Oracle buys NetSuite in $9.3 billion deal

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Reuters
Last Updated : Jul 28 2016 | 6:22 PM IST

REUTERS - Oracle Corp said it agreed to acquire NetSuite Inc, a cloud-based software services provider, in a deal valued at about $9.3 billion.

Oracle's $109 per share offer is at a 19 percent premium to Netsuite's Wednesday close.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Anil D'Silva)

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First Published: Jul 28 2016 | 6:01 PM IST

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