Oracle Nears $5 Billion Deal For Hotel Hardware Company Micros Systems

Thomson Reuters

(Reuters) - Oracle Corp is likely to buy Micros Systems in a $5 billion deal, expected to be announced as early as Monday morning, the Wall Street Journal reported, citing a person familiar with the matter.

The takeover would value Micros at more than $67 a share, the
 newspaper said. 

Micros Systems makes point-of-sale hardware and software for
 restaurants and hotels. Oracle has been rolling out its own cloud-based
 products and acquiring smaller cloud companies such as marketing
software maker Responsys Inc.

The deal, if confirmed, would be Oracle's largest acquisition since it
bought Sun Microsystems for $5.6 billion in 2009.

Bloomberg reported last week that the companies were in exclusive talks.

Oracle and Micros Systems could not be immediately reached for
comment outside regular U.S. business hours.

(Reporting by Supriya Kurane in Bangalore; Editing by Sunil Nair)

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This article originally appeared at Reuters. Copyright 2014. Follow Reuters on Twitter.