Oracle Corp. on Monday announced its largest deal ever, a roughly $28.3 billion purchase of electronic-medical-records company Cerner Corp. that vaults the business-software giant deeper into healthcare technology.
The deal extends Oracle co-founder Larry Ellison’s longstanding willingness to buy his way into new markets. Mr. Ellison built Oracle into a major power in business software in part through a long list of acquisitions over the decades. Last year Oracle and a group of other companies tried to buy the U.S. operations of video-sharing app TikTok, which would have given Oracle’s cloud business a foothold in social media.
