It's a well known fact that IBM was trying to acquire Sun Microsystems and the negotiation failed due to resistance by Sun's board. Initially I was disappointed when IBM walked off on the SUN offer. I had a feeling that SUN's situation is going to end up like Yahoo. But after this news, I believe everyone in the tech industry should be shocked. If IBM really did acquire SUN, it would have only made an already strong company much more stronger. But now that Oracle has acquired SUN, things are going to be pretty interesting with a new competitor in the Server market. And the future of Java, Solaris and MySQL? Now that's going to be really interesting! According to the press release, "They have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt". Oracle has promised continued innovation and investment in both Java and Solaris, but the future of MySQL is still uncertain. Hit on the read link for the full official press release.
Read - Oracle Buys Sun
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