Ron Burgundy Posted July 28, 2016 Share Posted July 28, 2016 Oracle Corp said on Thursday it would buy NetSuite Inc for about $9.3 billion, a deal that gives it a bigger share in the fast-growing cloud computing business and also means a big payday for billionaire Larry Ellison. In addition to being Oracle's executive chairman, entities Ellison beneficially owns hold about 40 percent of NetSuite's shares as of February, according to a regulatory filing. Corporate governance consultants said his links to both companies would increase scrutiny of the deal, but added its structure and strategic sense for Oracle meant it would likely pass. View the full article Quote Link to comment Share on other sites More sharing options...
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