Oracle (ORCL) Agrees to Buy RightNow (RNOW) for $43/Share

Oracle (NASDAQ: ORCL) announced it has entered into an agreement to acquire RightNow Technologies, Inc. (NASDAQ: RNOW) for $43.00 per share or approximately $1.5 billion net of RightNow's cash and debt.

The Board of Directors of RightNow Technologies has unanimously approved the transaction. The transaction is expected to close by late 2011 or early 2012.

Tom Kurian, Exec VP, Oracle Development, said, "Oracle is moving aggressively to offer customers a full range of Cloud Solutions including sales force automation, human resources, talent management, social networking, databases and Java as part of the Oracle Public Cloud. RightNow's leading customer service cloud is a very important addition to Oracle's Public Cloud."

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