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Oracle Buys Micros for $5.3 Billion to Add Hotel Software

Oracle Corp. agreed to buy Micros Systems Inc. for $5.3 billion as Chief Executive Officer Larry Ellison seeks to reignite slowing growth by adding software for hotels and restaurants.

Micros stockholders will get $68 a share in cash, 18 percent more than the closing price on June 16, a day before Bloomberg reported the companies were near a deal. Net of Micros’s cash, the value is $4.6 billion, Oracle said in a statement today. The Redwood City, California-based software maker came close to acquiring Micros six years ago only for the deal to fall through at the last minute.