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Oracle offers $1.5b for RightNow

Seeks to expand in customer service

Associated Press

  October 25, 2011

Software company Oracle Corp. said Monday that it is buying RightNow Technologies Inc. for about $1.5 billion so it can offer a broader range of software and services that help businesses manage customer service. Oracle is offering $43 per share for the tech service company from Bozeman, Mont.. That is a 19.6 percent premium over RightNow’s closing price of $35.96 on Friday.

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