On July 28th Oracle announced plans to acquire NetSuite for $9.3 billion in cash.  This didn’t come as a complete surprise as Larry Ellison, Oracle’s chairman, is the single largest shareholder of NetSuite and Oracle is aggressively trying to increase their cloud-based revenue.  For NetSuite, a merger, in theory, could make sense for a company that has never made a GAAP profit in any quarter or year in its existence, and according to their last 10-k filing “may not achieve profitability in the future“.

[…]