(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)
