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Tuesday, April 25, 2017

These brothers just sold their company to Oracle for $850 million.

These brothers just sold their company to Oracle for $850 million.Oracle's purchase of Moat gives it access to a pair of well-connected brothers, Jonah and Noah Goodhart, who are involved with dozens of other startups. New York is still abuzz that an ad-tech company called Moat sold itself to Oracle. Terms of the deal were undisclosed but an unnamed source told Recode's Peter Kafka that Oracle would pay upwards of $850 million for Moat. Moat is widely considered one of the hottest ad-tech startups, and based on the reported $850 million price tag, Oracle is paying handsomely. The company raised $68 million since it was founded in 2010 and was valued at $434 million continue