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back to article Oracle drops $1bn on Art Technology Group buyout

Oracle has elbowed its way into the e-commerce software marketplace, having acquired Art Technology Group (ATG) Inc for around $1bn in cash this morning. ATG investors will get $6 a share, said Oracle, and the buyout is subject to the usual regulatory and stockholder approvals. “This acquisition builds upon our dedication to …

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  1. Martin Ryan

    Who is next

    The lack of a decent ecommerce package has been a serious hole in Oracle's portfolio for some time, so this move is overdue. SAP has a similar ecommerce-shaped hole. Suggest they start looking at hybris which is gaining amazing momentum in the marketplace right now.

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  2. Anonymous Coward
    Anonymous Coward

    Lost

    Ok. Someone help me here. How is a company with annual revenue of only $50.3m worth $1BN. What exactly did Oracle buy

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