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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.
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 $5.6 billion net of Sun’s cash and debt.
- The Art of War
- Making Sun More Efficient
If you subscribe to the art of war approach to the tech sector, Ellison's move to buy Sun makes a lot of sense. To wit: 1. Oracle gets to annoy IBM---and own Java---over a few pennies a share more than Big Blue was willing to pay. 2. Oracle gets to kill MySQL. There's no way Ellison will let that open source database mess with the margins of his da...
Catz said Oracle will fund the Sun purchase with a mix of cash and debt. Catz added that Oracle will "run Sun at substantially higher margins." That statement is pretty heady given that Sun is losing money For Sun, Oracle provides an exit from troubled negotiations with IBM. Big Blue was interested in Sun but bailed when the two sides couldn't agre...
On April 20, 2009, it was announced that Oracle would acquire Sun for US$ 7.4 billion. The deal was completed on January 27, 2010. [5] History. The initial design for what became Sun's first Unix workstation, the Sun-1, was conceived by Andy Bechtolsheim when he was a graduate student at Stanford University in Palo Alto, California.
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 Corporation is to buy Sun Microsystems for $9.50 a share in a deal valued at approximately $7.4 billion, just a few weeks after a deal by IBM to buy Sun fell apart.
Apr 20, 2009 · NEW YORK (CNNMoney.com) -- Business software maker Oracle Corp. said Monday it has entered into a definitive agreement to buy server builder Sun Microsystems in a deal worth $7.4 billion....