Oracle to buy Sun for $7.4B

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Posted by Hafed | Posted in oracle | Posted on 20-04-2009

Information technology company Oracle Corp said Monday April 20, 09 it is buying Sun Microsystems Inc in a cash deal the company valued at $7.4 billion after IBM abandoned its bid to buy SUN earlier this month.

That is the latest news and the one I expected. Just this past saturday, during a Java lecture, a student was wondering whether Java had any future and I said that Oracle should be buying SUN given the fact that the whole Fusion strategy is predicated on Java. As far as the price is concerned, I was a bit off mark since I was expecting the deal to be close to $10B.

At any rate, MySQL and Java are now Oracle properties, if the deals goes thru. That shows at least that the top guys at Oracle know what they are doing. Brilliant moves.