Menu
Kim Kardashian Leaked Photos Backlash

Kim Kardashian Leaked Photos Backlash

Benedict Cumberbatch is Alan Turing in The Imitation Game

Benedict Cumberbatch is Alan Turing in The Imitation Game

Amber Heard Topless Photo Leaked

Amber Heard Topless Photo Leaked

The Sexiest Halloween Costumes of 2014

The Sexiest Halloween Costumes of 2014

Oculus Unveils Crescent Bay, its New Virtual Reality Headset Prototype

Oculus Unveils Crescent Bay, its New Virtual Reality Headset Prototype

Oracle To Acquire Micros Systems For $5.3 Billion

Jun 23 2014, 9:39am CDT | by , in News | Latest Business News

Oracle To Acquire Micros Systems For $5.3 Billion
 
 

YouTube Videos Comments

Full Story

Oracle To Acquire Micros Systems For $5.3 Billion

Oracle announced Monday that it will acquire Micros Systems for $5.3 billion, or $4.6 billion net of cash. Billionaire Larry Ellison’s technology giant will pay $68 per share for Micros, which builds technology for the hospitality and retail industries.

The deal provides a $2.23 premium over Micros’ closing price Friday. However, the stock soared almost 15% Tuesday when reports of a deal first surfaced and sent the stock to a fresh 52-week high. The deal adds more than $10 of per share value to Micros going price before the leak.

Last week FORBES’ Alex Konrad reported that many analysts saw the deal as a boon for both companies. Wedbush analyst Gil Luria told Konrad, “Oracle has a lot of other verticals and this would be a vertical investment for them, and a sensible move.”

In a note on the deal Summit Research Partners analysts Richard Williams and Srini Sundararajan wrote, “We think a deal could make sense from a number of perspectives. One aspect would be vertical expertise in parts of retail that are spending increasing amounts on IT infrastructure. Another would be to provide tighter integration between Oracle’s database and software stack for hotel retailers.”

Analysts have also noted that joining Oracle would help Micros expand internationally. In a statement on the deal Micros CEO Peter Altabef said, ”In combination with Oracle, we expect to help accelerate our customers’ ability to innovate and differentiate their businesses by utilizing Oracle’s technologies, cloud solutions and scale.”

Micros shares were up more than 3% to $67.82 Monday morning. Oracle shares were up a few cents to near $41.

The deal is expected to close in the second half of 2014 and to begin adding to Oracles’s non-GAAP earnings immediately. Williams and Sundararajan also pointed out that since Oracle missed earnings late last week the large deal may “fuel growth for a couple of quarters in lieu of organic growth.”

Follow @samsharf

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

The Big Bang Theory Season 8 Premieres Today
The Big Bang Theory Season 8 Premieres Today
The Big Bang Theory Season 8 premieres with the first two episodes today at 8 p.m. on CBS. Watch the newest The Big Bang Theory Season 8 teasers below. And, yes. Kaley Cuoco has short hair.
 
 
Roger Moore Knows more about Star Wars VII Than You
Roger Moore Knows more about Star Wars VII Than You
Sir Roger Moore, the Bond actor with the most missions has visited the Star Wars VII set.
 
 
Rockefeller drop Fossil Investments in Favor of Clean Energy
Rockefeller drop Fossil Investments in Favor of Clean Energy
Money Talks. That fact makes this announcement of the Rockefellers a huge deal.
 
 
iPhone 6 and 6 Plus Use 20-Nanometer A8 Processor From TSMC
iPhone 6 and 6 Plus Use 20-Nanometer A8 Processor From TSMC
The 20-nanometer process technology can result in speeds that are much higher than its 28-nanometer chips
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.