Why Oracle Spent $9.3B on NetSuite, More News

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Oracle made its second largest acquisition to date this past week. It acquired cloud-based software provider, partner and customer NetSuite in a transaction valued at approximately $9.3 billion, or $109 per share in cash, Redwood City, Calif.-based Oracle announced.

Oracle's acquisition of NetSuite lands it a spot among the largest tech deals of all-time, where it joins Oracle's 2005 acquisition of PeopleSoft for $10.3 billion. That acquisition included an attempt from the US Government to block the merger based on antitrust issues. Read more.

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