Oracle Corporation and Sun Microsystems Inc were business partners from over 20 years and now they have entered a definitive agreement and Oracle is standing on its toes to acquire Sun Microsystems.
We had previously seen many acquisition by Oracle. It use to purchase other small data base related companies and now it has targeted a really big deal.
Sun Microsystems, Inc. and Oracle Corporation announced on Monday April 20, 2009, that they have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt.
Sun Solaris operating system is the leading platform for the Oracle database. With this acquisition, Oracle can work to further optimize its database for Solaris, with continued support to other open source Operating Systems.
With this acquisition, Java would be the asset of Oracle, and thus we can now see Oracle in almost all the new devices like mobile phones, micro ovens etc.
This deal is almost a confirmed one, but it still has some pending formalities. And the most important factor now is the approval from Sun stockholders. With this acquisition Sun stockholders will also be benefited, so things may just run smoothly.
We expect Oracle’s support, innovation and investment in Java technology for the benefit of customers and the Java community.
Now the big question comes for bloggers:
An excerpt from Matt Mullenweg’s blog:
A number of people have contacted me with questions to the effect of “Oracle is evil, they now own MySQL, WordPress runs on MySQL, OMG! What’s next?” In addition to the millions of WordPress blogs all using MySQL, all of the projects Automattic contributes to are MySQL-based and we run more than 250 servers dedicated to MySQL.
Here is what Matt Mullenweg has to say about it:
Today our servers are running various versions of MySQL, tomorrow they’ll be running the same thing, and if need be ten years from now they can run the exact same software. Because of the GPL every WordPress user in the world is protected — we’re not beholden to any one company, only to what works best for us. Today that’s MySQL, tomorrow that’s MySQL, a year from now we’ll see. read more at ma.tt