Monday, 20 April 2009

Shiver me Timbers. Oracle buys Sun for $7.5 billion

This is gonna cause a serious tremor in the force. Where did this come from? I thought IBM was down to buy sun! This will change everything! Bet IBM are kicking themselves now!

sun java
sun java

Sun Microsystems has agreed to be bought by US tech giant Oracle in a $7.4bn (£5.1bn) deal, just two weeks after takeover talks with IBM fell apart.

Oracle announced today that it will pay $9.50 a share for Sun, making the company the latest in a string of acquisitions for Oracle's chief executive Larry Ellison.

Sun's board has unanimously backed the deal, which is likely to have major implications for the IT industry.

Oracle's offer is only slightly more than IBM was proposing to pay. The future of Sun was plunged into uncertainty on 6 April when the IBM talks collapsed.

from The Guardian

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