Oracle has entered into a definitive agreement to acquire NetSuite (NYSE: N), a provider of a suite of cloud software integrated business - including accounting firms, ERP, CRM and e-commerce software. The transaction is valued at $ 109.00 per share in cash, or approximately $ 9.3 billion.
"Oracle and NetSuite cloud applications are complementary and will coexist in the market forever," said Mark Hurd, chief executive officer (CEO) of Oracle . "We intend to invest heavily in both products. - Engineering and distribution"
The transaction should be finalized in 2016. The closing of the transaction is subject to receiving certain regulatory approvals and satisfying other closing conditions, including NetSuite shareholders call for tender a majority of the outstanding shares of NetSuite in the tender offer.
Furthermore, the closing is subject to a condition that a majority of the outstanding shares of NetSuite not held by senior officers or directors of NetSuite, or affiliated with Larry Ellison, his family members and affiliated entities, be made to the tender offer.
"NetSuite will benefit from the global reach of Oracle and to speed up the availability of our cloud solutions in more industries and other countries," said Zach Nelson, Chief Executive Officer (CEO) of NetSuite . "We are excited to join Oracle and accelerate our pace of innovation."
0 Komentar