Cerner soared nearly 20% in premarket trading as Oracle was in talks to buy it

Tiger Newspress2021-12-17

Cerner soared nearly 20% in premarket trading asOraclewasin talks to buy it.Oracle is in talks to buy electronic-medical-records company Cerner Corp., according to people familiar with the matter, a deal that could be worth around $30 billion and push the enterprise-software giant further into healthcare.

An agreement could be finalized soon, some of the people said, assuming the talks don’t fall apart or drag out. Should a deal come together, it would rank as the biggest ever for Oracle, which has a market value of more than $280 billion.

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TriciaChang
2021-12-17
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2021-12-17
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