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CERNER CORPORATION

(CERN)
Delayed Nasdaq  -  04:00 2022-06-07 pm EDT
94.92 USD   -0.05%
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Oracle gains EU green light for $28.3 billion Cerner deal

06/02/2022 | 10:35am EDT
FILE PHOTO: The Oracle logo is shown on an office building in Irvine, California

BRUSSELS (Reuters) - U.S. business software maker Oracle Corp has secured unconditional EU antitrust clearance for its $28.3 billion acquisition of U.S. healthcare IT company Cerner Corp, the EU competition enforcer said on Thursday.

The acquisition, Oracle's biggest ever, would give the company access to a trove of data and could increase the number of healthcare clients to its cloud platform.

The European Commission said it did not have any competition concerns about the deal as there are no overlaps between the companies and the merged company would not have the ability to shut out rivals.

Reuters reported exclusively on May 24 that Oracle would get the EU green light.

(Reporting by Foo Yun Chee; Editing by Kirsten Donovan)


© Reuters 2022
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ChangeLast1st jan.
CHAINLINK (LINK/USD) -4.01% 7.584 End-of-day quote.-63.45%
ORACLE CORPORATION -0.54% 61.07 Delayed Quote.-29.97%
All news about CERNER CORPORATION
09/09Vera Whole Health and Castlight Health Announce Health Tech Leader Donald Trigg as CEO,..
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08/11The Hazelden Betty Ford Foundation Taps Oracle Cerner and Xealth to Simplify Access to ..
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06/10Cerner Corporation(NasdaqGS:CERN) dropped from FTSE All-Worl..
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06/08S&P Lowers Oracle Corp. Rating To 'BBB' On Cerner Acquisition; Rating Remains On Credit..
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06/08Oracle Closes $28.3 Billion Acquisition of Cerner
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06/08Oracle Completes Acquisition of Cerner
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06/08Cerner Corporation(NasdaqGS:CERN) dropped from S&P Composite..
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06/08Oracle Corporation completed the acquisition of Cerner Corporation.
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06/08Cerner Corporation(NasdaqGS:CERN) dropped from S&P Global 12..
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Managers and Directors
Dorian Estelle Daley President
Mark J. Erceg Chief Financial Officer & Executive Vice President
Honorable Patrick J. Murphy Chairman
Jerome Labat Chief Technology Officer & Executive VP
Eva L. Karp Chief Clinical & Patient Safety Officer
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