The acquisition is Oracle's biggest play in the cloud computing space, which lets businesses store their data on remote servers on the Web. It also comes on the heels of SAP's (SAP) $3.4 billion acquisition of SuccesFactors (SSF) in December.
Here's how other cloud-based stocks are faring.
Cloud leader Salesforce (CRM) saw shares rise to 2% in late trading Thursday to $126.23.Shares of virtualization software company VMWare (VMW) increased 0.9% to $95.05. Rackspace (RAX) shares jumped 1.2% to $49.62. Shares of cloud-based software company NetSuite (N), meanwhile, are down 0.2% to $46.39 -- Written by Olivia Oran in New York.
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