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- The deal also gives Oracle an entree into the emerging market for cloud computing, where Sun recently announced a new platform. "The acquisition of Sun transforms the IT industry, combining best-in-class enterprise software and mission-critical computing systems," said Oracle CEO Larry Ellison.
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Jan 27, 2010 · Oracle gains the EC's approval to acquire Sun: After three months of intense investigations, the European Commission gave its unconditional approval to Oracle’s proposed acquisition of Sun, opening up a new chapter in the company’s history.
Apr 22, 2009 · Oracle's proposed $7.4bn acquisition of Sun Microsystems has shaken up the tech industry. The mega-deal, which comes soon after IBM's bid for Sun fell apart, strengthens Oracle's hand...
Jan 27, 2010 · Using Oracle's acquisition of PeopleSoft---and the dozens of companies that followed---Charles Phillips, president of the company, said the company will invest in Sun, revitalize the brand and...
- 987 min
Apr 20, 2009 · Oracle Corp. has agreed to buy Sun Microsystems for $7.4 billion, the companies said this morning, putting a new twist on the emerging battle for the enterprise data center. The deal comes just weeks after the collapse of a bid by IBM to purchase Sun at a similar price point.
Apr 23, 2009 · How Sun Could Fit With Oracle's Strategy. Acquisition would allow Oracle to integrate an application, operating system, middleware, and database on top of its own hardware.
- Charles Babcock
Apr 20, 2009 · Business software maker Oracle said Monday that is has agreed to acquire Silicon Valley neighbor Sun Microsystems for $7.4 billion. Under the terms of the deal, Oracle (NSDQ: ORCL) will pay $9.50 per share for Sun's common stock.
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.