202225 May

Exclusive: Oracle to win unconditional EU nod for $28.3 billion Cerner deal


A logo of cloud service provider Oracle is seen at the companys offices at Eastpoint Business Park, Dublin, Ireland October 18, 2021. REUTERS/Tom Bergin BRUSSELS, May 24 (Reuters) - U.S. business software maker Oracle Corp (ORCL.N)is set to gain unconditional EU antitrust clearance for its $28.3 billion acquisition of U.S. healthcare IT company Cerner Corp (CERN.O),three people familiar with the matter said on Tuesday. read more Cerners data can help Oracle train and improve the software makers artificial intelligence-based cloud services. The company, whose software traditionally ran in its customers data centers, has started shifting its service to cloud computing providers. Tech giants such as Microsoft Corp. (MSFT.O) have ramped up investments in the healthcare sector, spurred by demand for cloud-based solutions during the pandemic.

Source: Reuters