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Apr 29
2009
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Oracle buys Sun: Understanding the impact on open sourcePosted by Administrator in Untagged |
Database giant Oracle announced Monday that it will buy Sun Microsystems for $9.50 per share—roughly $7.4 billion. The two companies reached an agreement after an unsuccessful bid by IBM fell short at $9.40 per share. Oracle has significantly expanded its reach over the past decade through a series of major acquisitions which include PeopleSoft, Hyperion, Siebel, and BEA. The addition of Sun to Oracle's roster will have far-reaching implications and a profound impact on the technology industry.

