Oracle (ORCL) Eyes To Acquire Screen Sharing Firm Livelook

Oracle (ORCL) said it has agreed to acquire LiveLOOK, a provider of real-time, visual collaboration technology for co-browsing and screen sharing.

Oracle has more than 100 global customers using LiveLOOK’s co-browse technology as an embedded part of Oracle Service Cloud offering. No financial terms were given.

Shares in the company are down almost 7% pre-market at $39.65 after reporting late Thursday Q4 earnings and revenue that fell short of forecasts. Before the earnings, the shares had hit $43.19, the highest level since mid 2000.

Companies: Oracle Corporation
Price: 39.79 Price Change: -2.72 Percent Change: -6.40

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Jennifer McKinney, CFA, is an equity analyst for The Downtown Leader. If you have a great story idea for Jennifer McKinney, you can write at [Jennifer.McKinney@downtownleader.com ].

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