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20 April, 2009

Oracle Agrees to Acquire Sun Microsystems

From NY Times Online:

Oracle Agrees to Acquire Sun Microsystems
By ASHLEE VANCE
Published: April 20, 2009

The Oracle Corporation, the technology information company, announced Monday that it would acquire a rival, Sun Microsystems, for $9.50 a share, which would value the transition at $7.4 billion.
The deal with Oracle came about two weeks after I.B.M. ended its talks with Sun. The Sun board balked at that deal after I.B.M. lowered its offer to $9.40 a share...
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