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Oracle to buy NetSuite in $9.3 billion deal

Oracle Corp said it would buy NetSuite Inc in a deal valued at about $9.3 billion to expand into the fast-growing cloud market.

Recent Technology News

Bytes and barrels: the origins of oil traders' love of Yahoo

NEW YORK For the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for $4.8 billion does not matter all that much. Their world already changed a few months ago, when the company said it would jettison its messaging system that has been the norm for oil traders since the late 1990s.

Toy-robot maker Wonder Workshop raises $20 million in second funding round

Wonder Workshop Inc, which makes toy robots that teach kids how to code, said it raised $20 million in its second round of funding and was looking to expand into new markets, especially China.

10:18am EDT

Samsung Electronics tips 'solid' second-half profits on components pickup

SEOUL South Korean tech giant Samsung Electronics Co Ltd said on Thursday it expects solid earnings to continue in the second half of 2016, with stronger components demand likely offsetting heightened margin pressures for smartphones.

1:28am EDT

America Movil says to reduce Telekom Austria stake

VIENNA America Movil said on Thursday it would cut its stake in Telekom Austria by 7.8 percentage points to just over 50 percent as a deadline neared for it to reduce its holding and increase the Austrian firm's free float.

9:00am EDT

SoftBank sees sharp recovery for Sprint, flags much investment for ARM

TOKYO Japan's SoftBank Group Corp on Thursday flagged a sharp recovery for struggling U.S. unit Sprint and was bullish about long-term prospects for soon-to-be-acquired UK chip designer ARM .

Deals, Japan 7:23am EDT