Oracle Acquires NetSuite

Oracle today announced that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. The transaction is valued at $109.00 per share in cash, or approximately $9.3 billion.

Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever,” said Mark Hurd, Chief Executive Officer, Oracle. “We intend to invest heavily in both products—engineering and distribution.”

We expect this acquisition to be immediately accretive to Oracle’s earnings on a non-GAAP basis in the first full fiscal year after closing,” said Safra Catz, Chief Executive Officer, Oracle.

NetSuite has been working for 18 years to develop a single system for running a business in the cloud,” said Evan Goldberg, Founder, Chief Technology Officer and Chairman, NetSuite. “This combination is a winner for NetSuite’s customers, employees and partners.”

NetSuite will benefit from Oracle’s global scale and reach to accelerate the availability of our cloud solutions in more industries and more countries,” said Zach Nelson, Chief Executive Officer, NetSuite. “We are excited to join Oracle and accelerate our pace of innovation.”

The evaluation and negotiation of the transaction was led by a Special Committee of Oracle’s Board of Directors consisting solely of independent directors. The Special Committee unanimously approved the transaction on behalf of Oracle and its Board of Directors.

The transaction is expected to close in 2016. The closing of the transaction is subject to receiving certain regulatory approvals and satisfying other closing conditions including NetSuite stockholders tendering a majority of NetSuite’s outstanding shares in the tender offer. In addition, the closing is subject to a condition that a majority of NetSuite’s outstanding shares not owned by executive officers or directors of NetSuite, or persons affiliated with Larry Ellison, his family members and any affiliated entities, be tendered in the tender offer.

Author: Dylan Jones

Share This Post On
468 ad

35 Comments

  1. DxoxGH Wow! This could be one particular of the most helpful blogs We have ever arrive across on this subject. Actually Excellent. I am also a specialist in this topic so I can understand your effort.

  2. There as definately a great deal to learn about this issue. I really like all of the points you ave made.

  3. Thanks for another great post. Where else could anybody get that type of information in such a perfect way of writing? I ave a presentation next week, and I am on the look for such info.

  4. Very informative blog post.Really looking forward to read more. Will read on…

  5. There is obviously a bunch to identify about this. I think you made various good points in features also.

  6. VeаА аБТ–y goo? post. I certaаАаб‚Т€Т“nly appаА аБТ–аА аЂа•ciate

  7. I went over this internet site and I think you have a lot of great information, saved to bookmarks (:.

  8. I think other website proprietors should take this site as an model, very clean and wonderful user friendly style and design, as well as the content. You are an expert in this topic!

  9. Really enjoyed this article.Really thank you! Really Great.

  10. Thanks for the article.Really looking forward to read more. Really Cool.

  11. You are my inspiration , I own few web logs and very sporadically run out from to brand.

  12. Very neat blog article.Really looking forward to read more. Want more.

  13. useful reference What is a blogging site that allows you to sync with facebook for comments?

  14. There as definately a lot to learn about this topic. I like all of the points you ave made.

  15. This is very interesting, You are a very skilled blogger. I ave joined your rss feed and look forward to seeking more of your great post. Also, I ave shared your web site in my social networks!

  16. I really love your website.. Great colors & theme. Did you develop this web site yourself?

  17. Normally I don at read post on blogs, but I wish to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, quite nice post.

  18. You made some really good points there. I looked on the internet for additional information about the issue and found most individuals will go along with your views on this website.

  19. I was very pleased to find this website. I wanted to thank you for your time for this wonderful post!! I definitely enjoy reading it and I have you bookmarked to check out new stuff you blog post.

  20. technique of blogging. I bookmarked it to my bookmark webpage list

  21. Touche. Solid arguments. Keep up the amazing work.

  22. It as actually a cool and helpful piece of info. I am glad that you shared this useful info with us. Please keep us up to date like this. Thanks for sharing.

  23. Sale |check out this site soon responded with a penalty. On weekends, she |check out this

  24. Glad to be one of the visitors on this amazing internet site : D.

  25. My brother recommended I might like this blog. He was entirely right. This post truly made my day. You cann at imagine simply how much time I had spent for this info! Thanks!

  26. Morbi commodo dapibus sem risus tristique neque

  27. Great post Darragh! and thanks one million for that mention, I’m seriously honoured!

  28. This blog is really entertaining additionally amusing. I have found many interesting stuff out of this amazing blog. I ad love to return every once in a while. Thanks a bunch!

Submit a Comment

Your email address will not be published.