Oracle to Buy NetSuite|for $9.3 Billion

     (CN) – Oracle said it will buy cloud company NetSuite in a deal valued at about $9.3 billion.
     Oracle CEO Mark Hurd said in a statement on Thursday that the two company’s cloud applications are complementary.
     “We intend to invest heavily in both products, engineering and distribution,” he said.
     NetSuite Inc. stockholders will receive $109 per share. The transaction is expected to close this year.

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