Oracle Corporation (NYSE:ORCL) has agreed to buy Micros Systems in its largest acquisition since 2010. This deal is valued at around $5.3 billion. Oracle is offering $68 per share for Micros, which is known for selling software that is used by retailers and hospitality companies.
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Oracle Corporation Posts
On Friday, Oracle Corporation (NYSE:ORCL) acquired LiveLOOK, which is a collaboration and screen-sharing technology company. LiveLOOK is a co-browing technology company that is used to resolve customer issues through the web and mobile channels. Oracle has added that it has 100 customers using LiveLOOK already since it was integrated into its service cloud. As a result, Oracle will have less customer call handling time and costs. LiveLOOK will be integrated directly into its cloud computing technologies. Some of LiveLOOK’s customers include Capital One, Match.com, and Accenture.
Proteus is a company that creates ingestible health sensors, which has raised $120 million in funding, according to The Information. It is unknown who the new investors are, but we know that Oracle and Novartis were previous investors in the company. The sensors that Proteus creates are known as Helius, which are made with copper, silicon, and magnesium.
Oracle Corporation (NYSE:ORCL) has won a legal victory against Google Inc (NASDAQ:GOOGL) on Friday because a U.S. appeals court decided Oracle could copyright parts of the Java programming language, which Google uses for designing the Android smartphone operating system.
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The National Basketball Association has banned L.A. Clippers owner Donald Sterling from the league for life over racist comments that he made. The NBA is also going to force Sterling to sell the L.A. Clippers. This leaves the team open for another owner. Brian Windhorst, an NBA reporter, speculates that Oracle CEO Larry Ellison “is the guy who is dying to buy a team.”