Oracle says majority of NetSuite holders back acquisition

Oracle said in a statement that holders of 53 percent of unaffiliated NetSuite shares agreed to tender their shares by a Friday deadline. Oracle offered to buy NetSuite in July for $109 a share to respond to challenges from rival enterprise software companies such as Workday Inc and Salesforce.com Inc that have popular cloud-based software products. Investment manager T. Rowe Price, NetSuite's second-largest shareholder behind Ellison, had objected that Oracle's offer was too low and said it wou