Oracle to Buy Micros for $5 Billion

The deals have been heating up lately. The WSJ is reporting that Oracle ($ORCL) is prepared to buy Micros Systems ($MCRS) for about $5 billion. Expect an official announcement tomorrow.

Micros sells Internet-connected cash registers, and the software and technical services to power them, to restaurants, retail shops, casinos and other companies.

Analysts have said a purchase of Micros, which long has been a rumored acquisition target for Oracle, would be a sign the database giant is interested in grabbing a bigger foothold in the retail and hospitality industries. FBR Capital Markets said in a recent research note that Oracle, which has $39 billion in cash and marketable securities and a $190 billion market capitalization, needs to “go on the deal warpath” to expand into emerging areas of corporate technology where the company doesn’t currently generate much revenue.

Posted by on June 23rd, 2014 at 12:14 am


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