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Oracle nears $5 billion deal for Micros Systems: WSJ
World | business | 12:12, 23 June 2014 | 751

AKIPRESS.COM - oracle 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.

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