Oracle is aiming to boost its cloud computing business by plunking down more than $28 billion in cash to acquire Cerner Corporation, one of the top providers of software for managing electronic medical records. The deal is nearly triple the size of Oracle’s previous largest acquisition, its $10.3 billion purchase of Peoplesoft in 2005. And it comes at a time when Oracle’s cloud business is...
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The Briefing Venture Capital Startups
Startups in Sequoia’s ‘Crucible Moment’; Musk Pledges More Funding for Twitter
As we reported last night, Sequoia Capital has once again taken on the role of Silicon Valley soothsayer, releasing a 52-slide presentation on advice to startups, which it says face a “crucible moment” as the economy slows and central banks retract the monetary stimulus that kicked off the boom two years ago. In particular, the partners at Sequoia told founders to rethink how they consider...
Chinese Ride-Hailing App T3 Seeks $750 Million as Didi Global Struggles
Musk Scraps Margin Loan, Committing Another $6 billion in Equity for Twitter Deal
Twitter to Pay $150 Million to Settle FTC Privacy Case
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