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Monday, 23 June 2014 09:02

Oracle deal set to go through today

Written by Nick Farrell

Negotiation break-though

An announcement that Oracle is likely to buy Micros Systems in a $5 billion deal is likely today. The takeover would value Micros at more than $67 a share and is one of the biggest Oracle has negotiated for some time. In fact it is Oracle's largest acquisition since it bought Sun Microsystems for $5.6 billion in 2009.

For those who came in late, Micros Systems makes point-of-sale hardware and software for restaurants and hotels. Oracle needs the company as part of its glorious but so far largely underwhelming cloud plans. It has already acquiried smaller cloud companies such as marketing software maker Responsys. However these have all been fairly piecemeal until now. This deal will at least give Oracle some clout in one particular market.

Bloomberg reported last week that the companies were in exclusive talks and there was no indication how they would go. Now it appears that the I’s were dotted over the weekend ready for an announcement today, or tomorrow.

Nick Farrell

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