"“Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever,” Mark Hurd, chief executive of Oracle, said in the statement.Oracle to Acquire NetSuite for $9.3 Billion - The New York Times
Mr. Ellison, Oracle’s founder and chairman, is one of the most acquisitive software executives in the world, although this transaction is among his largest. Mr. Ellison owns a 27 percent stake in the company and the two companies have partnered in the past on ventures to bring cloud services to smaller businesses."
Thursday, July 28, 2016
Oracle to Acquire NetSuite for $9.3 Billion - The New York Times
One way to accelerate Oracle's cloud business