Oracle Buys NetSuite in Deal Valued at About $9.3 Billion

July 28, 2016 1:48 PM

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Oracle Corp. gave its cloud-services strategy a big boost by offering to buy NetSuite Inc. in a deal valued at about $9.3 billion.

Oracle, which sells software to big corporations, has been trying to shift more sales to cloud-based products increasingly demanded by its customers. New cloud services made up about 8 percent of the company’s total sales during its fiscal fourth-quarter. Buying NetSuite -- whose products include cu...

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