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Thread: Oracle to Buy Sun

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    Member Fendaril's Avatar
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    Default Oracle to Buy Sun

    Oracle to Buy Sun

    Yep its final. Sun will close sometime over this summer.


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    Senile Half-Wit Freaky Chris's Avatar
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    Default Re: Oracle brought Sun

    ugh

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    mmm.. coffee JavaPF's Avatar
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    Default Re: Oracle brought Sun

    SANTA CLARA, Calif. April 20, 2009 Sun Microsystems (NASDAQ: JAVA) and Oracle Corporation (NASDAQ: ORCL) 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.
    $7.4 billion!! Thats a nice amount of cash right there.

    Thanks for that Fendaril. I didn't know Oracle had bought Sun, that was an interesting read.

    Have to wait and see what impact this has on Java.. Atleast it wasn't bought by Microsoft hey
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