Oracle agrees to $7.4 billion Sun Microsystems acquisition
Recession be damned — it looks like Oracle will still manage to scrounge up enough cash to take Sun Microsystems off the table. Early last month IBM withdrew its $7.5 billion acquisition offer and as most people presumed, Sun was probably kicking itself. All is hardly lost however, as Oracle has nearly matched the offer and Sun won’t be making the same mistake twice. While it’s not a done deal until the papers are signed and the lawyers take their cut, Oracle has agreed to the $7.4 billion acquisition agreement which amounts to about $5.6 billion net of Sun’s cash and debt. According to Sun, the deal is expected to add approximately $1.5 billion to Oracle’s operating profit in the first year and around $2 billion in year two. Oracle recorded $17.8 billion in software sales last year and with Sun’s resources and product line at its disposal, expect that figure to balloon in spite of harsh economic times.
So wait… IBM offers more SUN says “No thanks” but then Oracle offers less and SUN is all about that? Is this the opposite of Yahoo-Microsoft? SUN you really just devalued your company this time.
I wish IBM and SUN had completed their deal. I think think this Oracle deal makes much sense!
Sorry, meant to type “makes NO sense!”
Some people I’ve spoken to think Oracle wants control of Java and they’ll sell off the HW Division.
I think that with this purchase, they’re going to get control of a pretty nice SW(Solaris) and HW(Sparc) stack now to support their core product. Think Oracle in a Box.
hmm woder if we can see oracal buying RIM down the line or oracle getting into the handset biz
Maybe its just me but how stupid do it sound oracle buying rim
A majority of businesses use Oracle on Sun’s Solaris Hardware. This is a perfect fit for both firms.
IBM withdrew the offer.
Please do not ruin MySQL!
SQL is M$
@galvatron
Google “who owns mysql” and you will see that Sun acquired it last year.
@Galvatron,
What are you talking about? SQL is NOT, and NEVER WAS Microsoft. SQL is a query language designed for data management and retrieval in RDBMS. It is an ISO standard. Microsoft is simply one of MANY organizations that create products that use it for database management. To say Microsoft created SQL just shows your lack of knowledge in the area. Oh wait … your Galvatron. Should have known.
@boogereater,
He is saying that SQL is Microsoft … not MySQL. I have had arguments with morons in the past who believe SQL in general, was a product of Microsoft. I think it is because Microsoft sells a product called SQL Server, and for some reason, the ignorant believe Microsoft created most things that deal with computing. INCLUDING one person that believed Microsoft created the TCP/IP stack.
The big loser here isn’t IBM–it’s Microsoft!