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Oracle Acquires eCommerce Group for $1 Billion

Oracle announced it has agreed to acquire Art Technology Group, Inc., a provider of e-commerce software and related on-demand commerce optimization applications.

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Oracle announced it has agreed to acquire Art Technology Group, Inc., a provider of e-commerce software and related on-demand commerce optimization applications, through a cash merger for $6.00 per share, or approximately $1.0 billion.

ATG’s solutions enable enterprises to provide a cohesive online customer experience with merchandising, marketing, content personalization, automated recommendations, and live-help services.

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