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T. Rowe Price opposition to Oracle deal made public
T. Rowe Price is opposing Oracle’s bid of $109 per share, or $9.5 billion, to acquire cloud computing company NetSuite Inc. The Baltimore fund manager is NetSuite’s largest unaffiliated shareholder, meaning it can have a lot of influence on the deal. In a letter dated Sept. 6, T. Rowe Price said it believes NetSuite is […]
Oracle’s Ellison Steps Down as CEO, Replaced by Hurd and Catz
Oracle Corp.’s Larry Ellison stepped down as chief executive officer of the software maker he founded, making way for a new generation of executives and ending one of the most profitable runs for a leader in business history.
Oracle said to near $5B purchase of Micros Systems
Oracle Corp. is nearing a $5 billion deal to buy Columbia, Maryland-based Micros Systems Inc., which provides hardware and software for hotels, restaurants and retailers.
Oracle to buy Acme Packet for about $2.1B
REDWOOD SHORES, Calif. — Oracle will buy Acme Packet Inc., which makes equipment for telecommunications companies, for about $2.1 billion. Acme’s gear is used by more than 1,900 service providers and enterprises around the world. Its technology will complement Oracle’s offerings for telecoms providers, said Citigroup analyst Walter Pritchard. Oracle, a database software maker based [[...]
Google’s patent play: $12.5B for Motorola Mobility
SAN FRANCISCO — Google Inc.’s $12.5 billion deal to buy cellphone maker Motorola Mobility Holdings Inc. is aimed at giving the Internet search leader more legal firepower as it battles Apple Inc. and Microsoft Corp. to gain the upper hand in the increasingly important mobile computing market. The all-cash acquisition announced Monday is the boldest […]
Business software battle begins between makers Oracle, SAP
OAKLAND, Calif. — A battle between two of the world’s biggest makers of business software hinges on the value of a trove of millions of stolen customer-support documents. In its first pitch to a federal jury Tuesday, Oracle Corp. said archrival SAP AG’s plundering of password-protected Oracle websites dealt a $2 billion blow to Oracle’s […]
