Deals
Oracle to Buy Software Maker Eloqua for $871 Million
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Oracle Corp. agreed to buy Eloqua Inc. for about $871 million, further expanding in cloud computing and ratcheting up competition with Salesforce.com Inc. and SAP AG.
The $23.50-per-share offer is more than twice Eloqua’s initial public offering price in August, and 31 percent higher than its closing price yesterday. The board of Eloqua, whose Web-based tools are used in marketing and revenue-performance management, approved the deal, according to a statement.