Larry Ellison has decided to take over the Sun. This is totally like the way ninja would execute this buyout, right under the big blue (IBM). After weeks of speculation of IBM buying out Sun, which failed to produce a result, today Oracle have swept in and bought Sun. The deal is valued at approximately $7.4 billion, or $5.6 billion net of Sun's cash and debt, with Oracle buying Sun at $9.50 per share.
"The acquisition of Sun transforms the IT industry, combining best-in-class enterprise software and mission-critical computing systems," said Oracle CEO Larry Ellison. "Oracle will be the only company that can engineer an integrated system - applications to disk - where all the pieces fit and work together so customers do not have to do it themselves. Our customers benefit as their systems integration costs go down while system performance, reliability and security go up."
Appearly, the Board of Directors of Sun Microsystems has unanimously approved the transaction. I wonder what this means for Java developers. Are Oracle better owners of Sun than IBM? It's good for Solaris, does it have any effect on Java?
this remind me to review numbers of book on/about Larry... so much to read in so little time.
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