Oracle $9.3 billion acquisition of NetSuite

Overview:

• Oracle has acquired fellow business software producer NetSuite in a $9.3 billion deal.
• The purchase is seen as a move by Oracle to catch up in cloud software innovation.
• The price per NetSuite share is valued at $109.
• The deal is expected to close this year.
• Weil Gotshal & Manges (Keith Flaum, James Griffin) advised Oracle.
• Wilson Sonsini Goodrich & Rosati (Larry Sonsini, Martin Korman, Bradley Finkelstein, Douglas Schnell) advised NetSuite.
• Sullivan & Cromwell (Alison Ressler, Stephen Kotran) represented Oracle's special committee financial adviser, Moelis & Co.

Kurt Stumpo - Journalist - North America and the Caribbean