Oracle Buys NetSuite

| Tim Parry

Oracle has announced that it has entered into a definitive agreement to acquire NetSuite for approximately $9.3 billion. The proposed transaction is expected to close in 2016, and until the transaction closes, Oracle and NetSuite will continue to operate independently.

L’Oréal Acquires IT Cosmetics for $1.2 Billion

| MCM Staff

L’Oréal announced the aquisition of beauty makeup brand IT Cosmetics for $1.2 billion. The acquisition is an effort to answer the rising demand of makeup and hybrid skincare. See how this will benefit both brands going forward.

Monotype Acquires Olapic for $130 Million

| Daniela Forte

Font and technology specialists Monotype announced it would acquire visual marketing platform Olapic for $130 million. See what this means for for both companies and what it allows for Monotype going forward.

Hudson’s Bay Company to Acquire Gilt

| MCM Staff

Hudson’s Bay Company announced that it has entered into a definitive agreement to acquire Gilt Groupe Holdings, Inc. for $250 million in cash, subject to customary requirements.

Will Hudson’s Bay Co. Buy Gilt Groupe?

| Daniela Forte

Several reports have indicated that high-end retailer Saks Fifth Avenue is in talks to acquire New York-based flash-sales site Gilt Groupe for $250 million. See what this will mean for both companies.

Staples, Office Depot CEOs Fire Back at FTC

| MCM Staff

Staples, Inc. and Office Depot, Inc. have issued the following open letter to customers after the U.S. Federal Trade Commission announced earlier today their decision to challenge the merger of the two companies.