Business software maker Oracle Corp. said on Monday it would buy Cerner Corp. for $28.3 billion in its biggest-ever deal, gaining access to a trove of data from one of the biggest healthcare IT firms in the United States. Cerner shareholders will receive $95 in cash for each share they hold, representing a premium of 5.8 percent to the company’s last closing price. Oracle will be able to use the data from Cerner to train and improve the software maker’s artificial intelligence-based cloud services. This is likely to give Oracle an advantage and draw more healthcare clients to its cloud platform. Cerner, whose software traditionally ran in its customers’ data centers, had started shifting its service to cloud computing providers. It had selected Amazon.com, Inc.’s Amazon Web Services as its “preferred” cloud provider in 2019. However, Oracle said on Monday it will move Cerner’s software to its own cloud computing …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta