Oracle Buys Sun in IBM's Wake
April 20, 2009[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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