Jim Cramer: Smart Move by Oracle to Buy NetSuite

Oracle is making a clever move by going deeper into the cloud through its purchase of NetSuite, says Jim Cramer
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Oracle (ORCL) - Get Report is making a clever move by going deeper into the cloud to purchase NetSuite (N) , says TheStreet's Jim Cramer. Cramer deemed the purchase a 'very smart move'. Oracle said it would buy NetSuite Inc for $109 a share in a deal valued at about $9.3 billion to expand into the fast-growing cloud computing market. Oracle has been making acquisitions in this area, picking up companies like Textura. Founded in 1998, NetSuite is a pioneer of cloud computing and was one of the first companies dedicated to providing business applications over the internet.