June 17, 2014 / 4:17 PM / 3 years ago

Oracle may buy Micros Systems for more than $5 bln - Bloomberg

June 17 (Reuters) - Oracle Corp is in talks with Micros Systems Inc to buy the software maker for retailers and hotel chains for more than $5 billion, Bloomberg reported, citing people familiar with the matter.

While the companies are in exclusive talks, they could still fail to reach an agreement, the report said. (r.reuters.com/hyw22w)

Micros shares were up 17 percent at $67.54 in early afternoon trading on the Nasdaq. Oracle shares were up 1 percent at $42.53.

Oracle and Micros could not be immediately reached for comment. (Reporting by Supantha Mukherjee in Bangalore; Editing by Ted Kerr)

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