Actionable news
All posts from Actionable news
Actionable news in ORCL: ORACLE CORP,

Oracle (ORCL) Stock Climbs on $9.3 Billion NetSuite Acquisition

NEW YORK (TheStreet) -- Shares of Oracle (ORCL) are gaining 1.88% to $41.70 in pre-market trading on Thursday after the Redwood City, CA-based company agreed to purchase NetSuite (N) for roughly $9.3 billion.

Oracle has bid $109 per share for the cloud-based software services provider, representing a 19% premium to NetSuite's Wednesday closing price.

"Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever," Oracle CEO Mark Hurd said in a...