Was acquired by IBM in the wake of the failure, Sun with another buyer to reach an agreement. The 7.4 billion U.S. dollars to buy Sun’s generous buyer is Oracle. According to a statement issued by both sides, they have entered a definitive agreement. Under the agreement, Oracle will be 9.5 U.S. dollars per share in cash to buy Sun’s common stock, the transaction value of approximately 7.4 billion U.S. dollars.
If the completion of the transaction, Oracle will have the Sun’s two key assets: Java and the Solaris operating system. Java is the computer industry the most widely deployed technology, and Oracle itself, the fastest growing middleware business is built on Sun’s Java language, Oracle can now ensure continued innovation, and the Java technology to its own customers.
Sun’s Solaris operating system running Oracle’s database is second to none, and the Oracle database is the key to business, through this acquisition, Oracle Database can optimize a number of high-end features. Oracle promised to be committed to Linux and other open platform.
“Oracle and Sun have more than 20 years of close partnership, they are a pioneer in the industry,” Sun McNealy, Chairman of the Board so that “This combination is a natural evolution of the relationship, which will redefine the industry as a whole.”
Sun’s board of directors has unanimously approved the transaction, the transaction is expected to be the end of this summer.
