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Oracle Buys Medical Records Company Cerner for $28 Billion

The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California. REUTERS/Robert Galbraith/File Photo
The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California. REUTERS/Robert Galbraith/File Photo
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Oracle Buys Medical Records Company Cerner for $28 Billion

The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California. REUTERS/Robert Galbraith/File Photo
The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California. REUTERS/Robert Galbraith/File Photo

Software maker Oracle is buying electronic medical records company Cerner in an all-cash deal valued at about $28.3 billion.

Oracle will pay $95 per Cerner share and the deal is expected to close next year.

Hospitals and physicians offices use Cerner software to record and share health and medical data. The companies said Monday that Cerner systems running on the Oracle Gen2 Cloud will be available 24 hours a day, every day, with the goal of having zero unplanned downtime.

Cerner, based in Kansas City, Missouri, will become a unit of Oracle.

Shares of Oracle Corp., which is based in Austin, Texas, fell more than 2.8% in morning trading.

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X Names Brazil Legal Representative as It Fights Ban in the Country

A view of a laptop shows the Twitter sign-in page with their logo, in Belgrade, Serbia, Monday, July 24, 2023. (AP)
A view of a laptop shows the Twitter sign-in page with their logo, in Belgrade, Serbia, Monday, July 24, 2023. (AP)
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X Names Brazil Legal Representative as It Fights Ban in the Country

A view of a laptop shows the Twitter sign-in page with their logo, in Belgrade, Serbia, Monday, July 24, 2023. (AP)
A view of a laptop shows the Twitter sign-in page with their logo, in Belgrade, Serbia, Monday, July 24, 2023. (AP)

Elon Musk-owned social media platform X has named a legal representative in Brazil, the firm's lawyers said on Friday, in a move that would address one of the demands imposed by Brazil's top court to allow the company to operate in the country.

Andre Zonaro and Sergio Rosenthal, who were recently appointed as X's lawyers in Brazil, told Reuters that colleague Rachel de Oliveira Conceicao was chosen as the firm's legal representative, and that they had submitted her name to the Supreme Court.

Brazilian law requires foreign companies to name a legal representative to operate in the country. The representative would assume the legal responsibilities for the firm locally.

X had a legal representative in Brazil until mid-August, when it decided to close its offices in the country.

In late August, Brazil's top court ordered mobile and internet service providers to block X in the nation, and users were cut off within hours after X did not name a new legal representative.

The move followed a months-long dispute between Musk and Brazilian Justice Alexandre de Moraes over the firm's non-compliance with court orders demanding the platform take action against the spread of hate speech.

Courts have previously blocked accounts implicated in probes of spreading misinformation and hate, which Musk has denounced as censorship.

On Thursday, the lawyers representing X in Brazil said the firm was starting to comply with orders on removing content, another demand from the top court.