Salesforce CEO: Oracle’s Deal for NetSuite ‘Desperation Move’
Marc Benioff on Acquisitions and Support for Clinton
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Salesforce.com Inc. Chief Executive Officer Marc Benioff called rival Oracle Corp.’s planned purchase of NetSuite Inc. a “desperation move” to bolster sales of cloud-based tools -- even as acquisition activity heats up across the software industry.
“Oracle’s making a desperation move,” Benioff said Tuesday during an interview on Bloomberg Television. Oracle Chairman Larry Ellison “basically said, ‘I want that,’ and now he’s going to be able to boost his cloud revenue -- and try to make his $10 billion goal. He still may not be able to make it.”