Oracle Corp’s $5 billion deal to buy Micros Systems
Oracle Corp is likely to buy Micros Systems in a $5 billion deal, expected to be announced as early as Monday morning, the Wall Street Journal reported, citing a person familiar with the matter. The takeover would value Micros at more than $67 a share, the newspaper said.
Micros Systems makes point-of-sale hardware and software for restaurants and hotels. Oracle has been rolling out its own cloud-based products and acquiring smaller cloud companies such as marketing software maker Responsys Inc.
The deal, if confirmed, would be Oracle’s largest acquisition since it bought Sun Microsystems for $5.6 billion in 2009. Bloomberg reported last week that the companies were in exclusive talks.
Oracle and Micros Systems could not be immediately reached for comment outside regular U.S. business hours.