Oracle To Buy Sun Microsystems For $7.4-billion

After IBM abandoned its bid to buy Sun Microsystems, Oracle enters the show. Oracle is expected to buy Sun Microsystems. Oracle Corporation, The Information Technology Company, said on Monday that it is buying Sun Microsystems Inc. for $7.4-billion after IBM abandoned its bid to buy it. Oracle will buy Sun Microsystems shares for $9.50 each in cash.Whereas IBM had offered to buy Sun Microsystems for $9.40 per share. Due to some facts, Sun Microsystems balked at the price and  canceled IBM’s exclusive negotiating rights which made IBM to withdraw its offer. This transaction has been approved by Sun Microsystem’s board of directors and Oracle expects to finish this deal this summer.

Some Connections between Oracle and Sun Microsystems :

• Oracle’s main business thing is its database software and Sun Microsystems’s operating system, Solaris,  is the leading platform for that software.

• Oracle chosed Solaris 10 Operating System (OS) as its preferred development and deployment platform for x64 architectures of AMD Opteron and Intel Xeon processor-based systems and Sun’s UltraSPARC-based systems.

• Oracle used the Sun Customer Ready Systems (Sun CRS) program from Sun Microsystems and saved huge amount of time and costs in deploying new software testing systems.

• Oracle’s middleware is built on Sun Microsystem’s Java language and software.

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