Oracle Buys Cloud Pioneer NetSuite Fro $9.3bn
Software giant Oracle has announced it is buying NetSuite, a pioneer of the fast-growing world of cloud computing, in a deal worth $9.3bn (£7.1bn).
Oracle, like other software companies, has focused on expanding its remote data storage services in the face of changing corporate needs.
NetSuite, founded in 1998, is one of the first companies dedicated to providing services over the internet.
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