Oracle to buy Responsys in $1.5 billion deal


Oracle Corp said it would buy Responsys Inc in a deal valued at $1.5 billion as the world's No. 2 software maker beefs up its cloud offerings.

Oracle's offer of $27 per share represents a premium of 38 percent to Responsys' Thursday closing.

Continue Reading Below

Responsys makes cloud-based software for businesses.

(Reporting By Aurindom Mukherjee in Bangalore; Editing by Saumyadeb Chakrabarty)

(This story was refiled to fix Oracle's ticker symbol to ORCL.N from ORCL.O)