Update: Oracle buying Sun in $7.4B deal

Posted by Scott_Ruecker on Apr 20, 2009 2:29 PM EDT
Computerworld; By Patrick Thibodeau, Elizabeth Montalbano 		Mail this story
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Oracle Corp. plans to acquire Sun Microsystems Inc. for $7.4 billion, picking up what might prove to be a software treasure trove that includes the popular MySQL open-source database as well as Java. Oracle said it will pay $9.50 per share in cash for Sun, or $5.6 billion net of Sun's cash and debt. The move follows Oracle's purchases of a raft of companies in the past few years, including Siebel Systems, PeopleSoft and BEA Systems.

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