Ron Burgundy Posted June 23, 2014 Share Posted June 23, 2014 (Reuters) - Oracle Corp said it would buy Micros Systems in a $5.3 billion deal as the world's No.2 business software maker looks to boost flagging growth through acquisitions. The purchase of Micros, which makes point-of-sale hardware and software for restaurants and hotels, is the first multi-billion dollar acquisition by Oracle in five years and follows disappointing fourth-quarter results. Analysts said the acquisition could be first in a string of deals for Oracle, which has been stung by aggressive pricing by companies such as Salesforce.com Inc and Workday Inc for their software and Internet-based products. "We view this morning's Micros deal as just the start of what we expect will be a surge of M&A activity for Oracle over the coming year ...," FBR Capital Markets analyst Daniel Ives wrote in a note to clients. View the full article Quote Link to comment Share on other sites More sharing options...
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