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Oracle completes deal to acquire 76.50% of NetSuite

Oracle Corp. on Nov. 4 completed its deal to acquire 76.50% of NetSuite Inc. for a transaction value of $6.62 billion.

The company offered $109 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Moelis & Co. was the financial adviser for Oracle, and Latham & Watkins LLP, Skadden Arps Slate Meagher & Flom LLP and Weil Gotshal & Manges LLP were the legal advisers.

Qatalyst Partners LP was the financial adviser for NetSuite, while Wilson Sonsini Goodrich & Rosati Professional Corp. was the legal adviser.