Oracle Corp. (NYSE:ORCL)
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By Michael Dabaie
Oracle Corp. (ORCL) and the San Francisco Giants said Thursday they signed a 20-year partnership giving Oracle naming rights to the baseball stadium through 2038.
With the deal, AT&T Park will be named Oracle Park. Financial terms of the agreement weren't disclosed.
The parties said in a statement the Giants' previous naming rights agreement with AT&T ran through the end of 2019, but in preliminary renewal discussions, AT&T informed the Giants changes to AT&T's corporate sponsorship strategy would give the team the opportunity to seek another naming rights partner and begin a new agreement a year early.
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(END) Dow Jones Newswires
January 10, 2019 14:31 ET (19:31 GMT)
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