Dispatch of sina science and technology Beijing time on July 28 evening news, the foreign media reports, oracle announced today that will be $109 per share in cash for the cloud NetSuite ERP manufacturers, trade totals about $9.3 billion.

Oracle CEO Mark Hurd (Mark Hurd) said: "the oracle and NetSuite cloud applications complementary, will co-exist for a long time in the market. We will continue to invest heavily in two companies' products, including engineering and distribution."

Oracle CEO saffo la katz (Safra Catz) said: "we expect that, based on the general accounting rules, NetSuite in the deal after the completion of the first full fiscal year can be a profit growth for the company."

NetSuite, founder and chairman of Evan goldenberg (Evan Goldberg) said: "the NetSuite has 18 years of development experience in the field, after a merger with oracle to benefit will be NetSuite users, employees and partners."

NetSuite CEO Zach Nelson (Zach Nelson) said: "the NetSuite will benefit from oracle's global scale and user coverage, it will speed up our cloud solutions in more and more countries launched in the industry. In addition, after the oracle and to accelerate the pace of innovation of NetSuite."

The deal is expected to be completed before the end of the year.