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Oracle Businesses The Almighty Buck

Oracle Buying Micros Systems For $5.3 Billion 71

Posted by samzenpus
from the the-circle-of-business dept.
An anonymous reader writes Oracle is buying hospitality and retail technology vendor Micros Systems for $5.3 billion, in a deal that will be its largest since the purchase of Sun Microsystems in 2010. "Oracle said the acquisition will extend its offerings by combining Micros' industry-specific applications with its business applications, technologies and cloud portfolio. Oracle expects the deal to immediately add to its adjusted earnings. Its stock climbed 18 cents to $41 before the market opened. Micros' board unanimously approved the transaction, which is expected to close in the second half of the year."
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Oracle Buying Micros Systems For $5.3 Billion

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