Business

Oracle buying Micros Systems for about $5.3B

By Washington Examiner
Published June 23, 2014 1:16pm ET
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Oracle buying Micros Systems for about $5.3B
In this Tuesday, March 20, 2012, file photo, a plane flies over software maker Oracle Corp.'s headquarters in Redwood City, Calif. Oracle is buying Micros Systems Inc., which provides software and hardware to the hospitality and retail industries, for about $5.3 billion, the companies announced Monday, July 23, 2014. (AP Photo/Paul Sakuma, File) | Paul Sakuma

REDWOOD SHORES, Calif. (AP) — Software maker Oracle is buying Micros Systems Inc., which provides software and hardware to the hospitality and retail industries, for about $5.3 billion.

Oracle Corp. said Monday that it will pay $68 per Micros share, a 3 percent premium to the company’s $65.77 Friday closing price.

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