Oracle's pricey pursuit of NetSuite ups ante for cloud buyers
With an expensive offer for NetSuite Inc. (N), Oracle Corp. (ORCL) could make the world of cloud software a game of chess.
Oracle announced Thursday that it has agreed to purchase NetSuite, a cloud-based software provider that specializes in enterprise resource planning, for $9.3 billion, or $109 per share, in cash.
The evaluation and negotiation of the deal was led by a special committee of Oracle's board of directors. The special committee unanimously approved the transaction ...