International News

Oracle seals $9.3 bn NetSuite acquisition

WASHINGTON, Nov 5, (APP/AFP) – US software giant Oracle said Saturday that it has sealed its $9.3 billion acquisition of cloud computing company NetSuite. Oracle said that a majority of shares — 53 percent — owned by eligible stockholders in the vote had been tendered. The acquisition is to be completed Monday, the company said in a statement. The takeover agreement was announced in late July at a price of $109 per share, but it attracted criticism because Oracle executive