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Cultura

Oracle to buy Taleo for $1.9 billion


    (Reuters) - Oracle Corp said it will buy recruitment software maker Taleo Corp for about $1.9 billion, as it expands its portfolio of cloud-based software.

    The deal value of $46 a share offers an 18 percent premium to Taleo's Thursday close.

    The transaction is expected to close mid 2012.

    (Reporting by Sayantani Ghosh in Bangalore; Editing by Joyjeet Das)