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Oracle to pay $1.9bn for Taleo
Business management software maker Oracle is planning to buy Taleo, a maker of web-based software for recruiting employees, for about $1.9bn (£1.2bn) as a war heats up for control over the fast-growing cloud computing market. The Taleo deal value of $46 a share offers an 18 per cent premium to Taleo’s Wednesday close of $38.94.