Per NetSuite’s latest proxy, filed in April, Larry Ellison owned 39.7% of NetSuite’s outstanding shares at that time. The shares are held by an entity called NetSuite Restricted Holdings LLC.
In a deal that’s been long rumored,Oracle is buying NetSuite, a cloud software company backed byOracle executive chairman Larry Ellison.
NetSuite, like Oracle, offers financial accounting and related applications delivered over the Internet.
