Oracle Corp. (NYSE: ORCL) gave its cloud-services strategy a big boost by offering to buy NetSuite Inc. (NYSE: N) in a deal valued at about $9.3 billion.

Oracle, which sells software to big corporations, has been trying to shift more sales to cloud-based products increasingly demanded by its customers. New cloud services made up about 8 percent of the company’s total sales during its fiscal fourth-quarter. Buying NetSuite -- whose products include customer relationship management software -- will help Oracle compete against the likes of Salesforce.com Inc. and Microsoft Corp.

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