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Majority of NetSuite holders back $9.3 bn Oracle acquisition
short by Mansha Mahajan / on Sunday, 6 November, 2016
Technology firm Oracle on Saturday said that its proposed $9.3 billion acquisition of cloud storage major NetSuite will move forward as over half of eligible NetSuite shareholders backed the bid by deadline. The deal will be completed on Monday, Oracle added. Earlier, Oracle had warned that it would terminate the proposal to buy NetSuite if it didn’t get sufficient shares.
read more at Reuters