Oracle Inks $871M Deal For Another Cloud-Based Software Co.

Law360, New York (December 20, 2012, 1:35 PM EST) -- Oracle Corp. will fork over about $871 million for fellow software company Eloqua Inc., the tech giant said Thursday, continuing a string of big-ticket buys as the company wedges itself deeper into a growing cloud-computing market.

Under the proposed terms, Eloqua shareholders would receive $23.50 per share, a 31 percent premium over Wednesday’s close. Pending approval from investors and regulators, Oracle said it expects to finalize its buy in the first half of next year.

It did not give a financing breakdown.

Twelve-year-old Eloqua, which went...
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