Oracle cites ‘force majeure’ to avoid data center cost increases -- Bloomberg reports

Reuters, September 24 - According to a Thursday report from Bloomberg citing sources familiar with the matter, Oracle (ORCL.N) is seeking to mitigate the risk of rising costs for a major data center project in New Mexico by issuing “force majeure” notices to developers.

After the report was published, the company’s shares fell nearly 5% in pre-market trading. Reuters was unable to independently verify this information.

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