Posts Tagged ‘oracle’
Oracle Agrees to Buy Sun for $7.4B
February 12th, 2009
Oracle has signed a deal to purchase Sun Microsystems for US$7.4 billion, plunging the enterprise software vendor into the hardware market and making Sun the latest company to be subsumed by the Silicon Valley giant.
Oracle will pay $9.50 per share in cash for Sun, or $5.6 billion net of Sun’s cash and debt, according to Oracle. The move follows Oracle’s purchases of a raft of companies in the last few years, including Siebel, PeopleSoft and BEA Systems.
