Oracle Acquires Sun Microsystems
Posted by HostsVault | Posted in Uncategorized | Posted on 20-04-2009-05-2008
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Oracle announced today that its going to acquire its rival ” Sun Microsystems” for $9.50 a share, or about $7.4 billion.
The agreement with Oracle came about two weeks after I.B.M. ended its talks with Sun. The Sun board balked at that deal after I.B.M. lowered its offer to $9.40 a share from $10. Still, Monday’s deal represented a 42 percent premium over Sun’s closing price of $6.69 on Friday.
Oracle and Sun said in a statement that net of Sun’s cash and debt, the deal was valued at $5.6 billion.
The deal immediately disrupts the traditional relationships formed between some of the technology industry’s largest players and thrusts Oracle into the hardware business. Oracle, for example, has long-standing partnerships with Sun’s rivals, including Hewlett-Packard and Dell. These sellers of server computers work to fine tune Oracle’s database and business software for their computers.
What disturbs me is Oracle has now obtained the MySQL database, which Sun acquired last year for $1 billion , Hope this will have good effect on the shared and dedicated hosting markets, am a fan of MySQL myself and would like to see it progressing, I would be really disappointed if I am forced to move to Postgres or any other database.
Lets all wish for the best.
