Connect with us

Hi, what are you looking for?

Tech

Oracle to Pay Extra Than $30 Billion for Cerner

Oracle to Pay Extra Than  Billion for Cerner

Oracle’s deal to amass Cerner is predicted to be introduced later Monday.



Photograph:

Justin Sullivan/Getty Photos

Oracle Corp.

ORCL -6.39%

is predicted to pay greater than $30 billion for electronic-medical-records firm

Cerner Corp.

CERN 12.93%

, based on individuals accustomed to the matter.

The all-cash deal is predicted to be introduced later Monday and worth Cerner at about $95 a share, one of many individuals mentioned.

Ought to a deal come collectively, it will rank as the largest ever for Oracle, which has a market worth of round $260 billion. Its shares fell greater than 6% Friday after The Wall Avenue Journal reported {that a} deal was imminent.

Oracle, a Silicon Valley veteran that final yr moved its headquarters to Austin, Texas, is without doubt one of the largest software program suppliers to different corporations and organizations.

Kansas Metropolis, Mo.-based Cerner designs software program that hospitals and medical doctors use to retailer and analyze medical information and different healthcare information.

Write to Dana Cimilluca at dana.cimilluca@wsj.com and Cara Lombardo at cara.lombardo@wsj.com

Copyright ©2021 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

You May Also Like

News

A member of Pakistan’s parliament, Sania Ashiq Jabeen was born in Lahore and raised there. She studied at the National College for Drug Administration...

Lifestyle

SINGAPORE – For four decades, Japanese singer and actress Seiko Matsuda has built a following across Asia through a non-stop output of albums, television...

Politics

Almost every April since 1972, the Hash Bash has been held on the Diag of the University of Michigan campus, a free speech event...

World

France, which has opened its borders to Canadian tourists, is eager to see Canada reopen to the French. The Canadian border remains closed...