Oracle to buy Sun Microsystems in $7.4 billion

April 20th, 2009 by Manpreet | Filed under tech news.

The business software maker Oracle Corporation is going to acquire the server giant Sun Microsystems in a deal of about $ 7.4 billion. After this Oracle will also be a leader in hardware side of the computers.

Earlier Sun Had turned down the $7billion offer of IBM. This deal is also important in view of ongoing recession in IT industry where both Oracle and Sun had faced individual losses. Now this deal means a consolidation for both.

Oracle would finish the deal of acquiring Sun by summer with a price of $ 9.50 per share.

Related posts:

  1. Looking for Loans | Personal Loans | Consolidation Loans | How to get?
  2. Non Profit Debt Consolidation and Debt Consolidation Services
  3. Use Orkut Scrapping as a real time chatting messenger
  4. Is IVP going to fund Twitter a quarter billion dollars?
  5. Oasys Mobile inks distribution Deal with Connect2Media

Tags: , , , ,

«
»

Leave a Reply