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Oracle Gets Antitrust Approvals for Proposed Cerner Acquisition
Oracle has received European Commission clearance and other antitrust approvals required for the company’s proposed acquisition of Missouri-based health information technology maker Cerner. Oracle agreed to acquire Cerner for approximately $28.3 billion through an all-cash tender offer. Oracle believes the acquisition will allow it to rapidly modernize Cerner’s health-records systems and move them to the next-generation Cloud.