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Oracle to buy Eloqua for $871 million

12/20, 9:32pm

Oracle buys software maker Eloqua

Oracle has agreed to buy software maker Eloqua for $23.50 per share, or about $871 million, it was revealed today. Eloqua's board has reportedly agreed to the purchase price, which is more than twice the value of the company's initial public offering price in August, and 31 percent higher than its closing price yesterday. The deal will give Oracle more of a presence in cloud computing and bring it into fiercer competition with Salesforce and SAP.

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