6/2/2022, 6:03 PM (Source: TeleTrader)
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EU okays Oracle's $28.3B acquisition of Cerner

The European Commission approved on Thursday the acquisition of healthcare company Cerner Corp. by tech giant Oracle Corp., saying it didn't have any competition concerns about the merger.

The $28.3 billion agreement has become Oracle's largest acquisition in the company's history, and is expected to help it secure more healthcare clients on its cloud platform.

The deal was first announced last December, when Oracle confirmed Cerner would become a dedicated industry business unit within the company.

Baha Breaking News (BBN) / ND