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Apr 20, 2009 · Oracle Corporation (NASDAQ: ORCL) and Sun Microsystems (NASDAQ: JAVA) announced today they have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt.
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On April 20, 2009, Sun and Oracle announced that they had entered into a definitive agreement under which Oracle would acquire Sun for $9.50 a share in cash. Net of Sun's cash and debt, this amounted to a $5.6 billion offer from Oracle.
- The Art of War
- Making Sun More Efficient
If you subscribe to the art of war approach to the tech sector, Ellison's move to buy Sun makes a lot of sense. To wit: 1. Oracle gets to annoy IBM---and own Java---over a few pennies a share more than Big Blue was willing to pay. 2. Oracle gets to kill MySQL. There's no way Ellison will let that open source database mess with the margins of his da...
Catz said Oracle will fund the Sun purchase with a mix of cash and debt. Catz added that Oracle will "run Sun at substantially higher margins." That statement is pretty heady given that Sun is losing money For Sun, Oracle provides an exit from troubled negotiations with IBM. Big Blue was interested in Sun but bailed when the two sides couldn't agre...
Sun Microsystems, Inc. (Sun for short) was an American technology company that sold computers, computer components, software, and information technology services and created the Java programming language, the Solaris operating system, ZFS, the Network File System (NFS), and SPARC microprocessors.
Apr 21, 2009 · Sun Microsystems' scramble to find a suitor landed the slumping server and software maker in the arms of Oracle, which Monday agreed to pay $7.4 billion in cash for Sun in a startling...
Jan 27, 2010 · Oracle announced Wednesday it completed its acquisition of Sun Microsystems in a deal valued at more than $7 billion, a move that transforms the database and business-software giant into a...
Apr 20, 2009 · Oracle Corp. plans to acquire Sun Microsystems Inc. for $7.4 billion, picking up what might prove to be a software treasure trove that includes the popular MySQL open-source database as well...
