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Posted Apr 20, 2009

Oracle Buys Sun in IBM's Wake

By Staff

[From InternetNews]

Oracle and Sun Microsystems are poised to tie the knot after Oracle this morning said it's making a $9.50 per share offer in cash for the embattled server and Java player.

The total price of the deal will be approximately $7.4 billion, but since Sun (NASDAQ:JAVA) brings $1.8 billion of net cash to the deal, the net cost to Oracle (NASDAQ: ORCL) could be as low as $5.6 billion.

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