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Oracle Announces Agreement to Acquire Sun Microsystems

Brandon Bailey reporting on Mercury News: “In a surprising twist, Sun Microsystems announced this morning that it will be acquired by Oracle in a deal worth roughly $7.4 billion, or $5.6 billion net after accounting for Sun’s cash and debt. The news comes just a few weeks after earlier talks for IBM to buy Sun [link] collapsed…”

Related Links
Oracle to buy Sun for $7.4 billion after IBM dropped bid San Jose Mercury News, Apr.20.2009
Official Announcement by Oracle Apr.20.2009
Official Announcement by Sun Apr.20.2009

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

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