Items tagged with Sun Microsystems

Just over a month after IBM was rumored to be moments away from acquiring Sun Microsystems, lo and behold, Oracle has swooped in as the suitor. In a rather unexpected move, the sinking Oracle has just procured the sinking Sun Microsystems, obviously hoping that two laggards can somehow succeed rather than simply sink each other faster.Announced this morning, the "definitive agreement" will see Oracle acquire all of Sun's common stock for $9.50 per share in cash, which amounts to a breathtaking $7.4 billion -- or $5.6 billion net of Sun's cash and debt. Oracle President Safra Catz had this to say... Read more...