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Oracle's pricey pursuit of NetSuite ups ante for cloud buyers

Jul 28, 2016 - The Deal Pipeline

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 ...