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Takeover talks between IBM and Sun appear to have come to an end for good, assuming stockholder approval for a $7.4 billion acquisition deal. But it's Oracle, and not IBM, who made the winning bid, and according to CNet, has entered into a definitive agreement to acquire Sun common stock for $9.50 per share.
"We expect this acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP basis in the first full year after closing," said Safra Catz, Oracle President. "We estimate that the acquired business will contribute over $1.5 billion to Oracle's non-GAAP operating profit in the first year, increasing to over $2 billion in the second year."
IBM had previously entered into negotiations with Sun, offering up a deal worth about $7 billion. But Sun refused the offer, in part because it felt the bid wasn't enough, but mostly the company was concerned IBM would bail if the potential deal resulted in an antitrust review.
The deal between Oracle and Sun is expected to close this summer, pending stockholder and regulatory approvals.
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favori (not verified)
June 15, 2009 at 4:23am
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horzo
April 20, 2009 at 5:03pm
It'll be maintained and I doubt Oracle will start charging for it, but new versions? I doubt it.
Oh, well. There's always Postgres.
that Linux guy
April 20, 2009 at 2:16pm
If this Oracle-Sun deal goes through, I wonder what will become of MySQL
Shalbatana
April 20, 2009 at 10:07am
A vastly better paring. Should result in a brighter outcome for the public.
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