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Java and Solaris
- On a conference call Monday, Oracle CEO Larry Ellison said Java and Solaris were the two main reasons Oracle purchased Sun, a move that is in line with Oracle’s acquisition strategy to buy companies with “market-leading products.”
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Why did Oracle acquire Sun Solaris?
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 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...
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 ...
On November 9, 2009, the Commission issued a statement of objections relating to the acquisition of Sun by Oracle. [106] Finally, on January 21, 2010, the European Commission approved Oracle's acquisition of Sun.
Jan 29, 2013 · Oracle president Hurd says cash flow from Sun has exceeded the $7.4 billion sales price and the company's hardware business is on the verge of resuming growth.
Aug 21, 2009 · Software giant Oracle has cleared the first hurdle in its attempt to buy Sun Microsystems for $7.4bn, after US regulators gave the deal their blessing