Oracle Corp. has announced its largest deal ever, a roughly $28.3 billion purchase of electronic-medical-records company Cerner Corp. that vaults the business-software giant deeper into healthcare technology.
The deal extends Oracle co-founder Larry Ellison’s longstanding willingness to buy his way into new markets.
Last year Oracle and a group of other companies tried to buy the U.S. operations of video-sharing app TikTok, which would have given Oracle’s cloud business a foothold in social media.
Read more: wsj
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