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Larry Ellison Welcomes NetSuite Into Big Tech's Arms
Oracle is the latest software superpower to flex its muscle.
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Larry Ellison finally got his man: Larry Ellison.
Oracle said Thursday it struck a deal to buy financial-software firm NetSuite in the second self-dealing acquisition of the summer. First we had Elon Musk's Tesla trying to buy SolarCity, another company in which Musk owns a minority position. Oracle is essentially in the grasp of Ellison, the founder who holds a 27 percent stake in the company. Ellison also owns 40 percent of NetSuite's stock.