Oracle Pays More Than $200 Million to Rename San Francisco Giants’ Stadium
- Current deal at SF Giants’ AT&T Park was to end in 2019
- Software maker has name on current home of NBA’s Warriors
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Oracle Corp. has bought the naming rights to the San Francisco Giants’ stadium for more than $200 million, according to people familiar with the matter -- a second deal to boost its brand image by sponsoring a hometown sports facility in the San Francisco Bay Area.
Oracle, the world’s second-largest software maker, will own the rights for 20 years on the Major League Baseball stadium now known as AT&T Park, said the people, who asked not to be identified discussing the agreement. It will be renamed Oracle Park effective immediately with the new deal, the baseball team and company said Thursday in officially announcing their partnership.