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Software giant Oracle agreed to acquire cloud computing company NetSuite for $9.3 billion in cash, the companies announced Thursday. Oracle will incorporate NetSuite's cloud-based financial management and resource planning products into its offerings to corporate clients. "Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever," said Mark Hurd, chief executive, Oracle.
Samsung extended its lead in the global smartphone market over Apple in the second quarter, gaining from the launch of its updated flagship handsets, surveys showed Thursday. The South Korean giant delivered 77 million smartphones in the quarter, up 5.5 percent from a year ago, for a market share of 22.4 percent, research firm IDC said. Samsung got a lift from the March launch of its Galaxy S7 and S7 Edge flagship models, with an upgraded processor, waterproofing and other features, IDC noted.