Buys Netsuite: Oracle

: Oracle CEO Mark Hurd stated that both companies' cloud applications are "complementary" and would continue to "coexist in the marketplace forever".

: $109.00 per share in cash, totaling approximately $9.3 billion . oracle buys netsuite

In November 2016, officially completed its $9.3 billion acquisition of NetSuite , a landmark deal that solidified Oracle’s position in the cloud computing market. The acquisition was a strategic move to combine NetSuite's strength in cloud ERP for small and midsize businesses with Oracle's enterprise-grade cloud solutions. Key Acquisition Details : Oracle CEO Mark Hurd stated that both

: In recent years, NetSuite has embedded Oracle’s AI capabilities, launching tools like NetSuite Text Enhance for generative AI tasks and AI-driven bill capture. The acquisition was a strategic move to combine

: Under Oracle, NetSuite has tripled its customer community and expanded its global reach, particularly in APAC and South America. Historical Significance Oracle Buys NetSuite

: Oracle aimed to dominate the small and medium enterprise (SME) space and upsell wider cloud offerings as those businesses grew.