Oracle To Acquire NetSuite For Approx. $9.3 Bln - Quick Facts

(RTTNews) - Oracle (ORCL) announced a definitive agreement to acquire NetSuite (N), the very first cloud company in a deal valued at $109.00 per share in cash, or approximately $9.3 billion. The transaction is expected to close in 2016.

"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, CEO, Oracle.

NetSuite provides a suite of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software that runs the business of more than 30,000 companies, organizations, and subsidiaries in more than 100 countries.