Oracle to buy software firm NetSuite for $9.3 bn
Computer software company Oracle on Thursday announced that it has entered an agreement to buy cloud-software provider NetSuite for approximately $9.3 billion or $109 per share in cash. As of March, Oracle Co-founder Larry Ellison and his family owned about 45.4% of NetSuite. The deal is expected to close in 2016, until which the two companies will operate independently.