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9 months ago
BRIEF-Rimini Street says will take responsibility for past practices, pay Oracle $35.6 million
October 12, 2016 / 9:31 PM / 9 months ago

BRIEF-Rimini Street says will take responsibility for past practices, pay Oracle $35.6 million

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Oct 12 (Reuters) - Rimini Street Inc

* Will take responsibility for its past practices and pay a one-time fair market license fee of $35.6 million awarded to Oracle

* Rimini Street - plans to pursue appeal of other aspects of judgment, including $88 million balance of $124 million awarded to oracle, as well as injunction

* Rimini street is planning an IPO in 2017, subject to market conditions and board approval Source text for Eikon: Further company coverage:

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