This morning there was an official announcement that Oracle has offered to buy Sun Microsystems for $9.50 per stock, and Sun’s board agreed. The market rumors surrounding Sun for the last few weeks suggested that something was looming. But, Oracle was a surprise to me. It looks like closing the deal typically takes from 3 to 9 months. It would be interesting to see how Sun would be integrated into Oracle.
Also, Oracle’s attitude towards Open Source remains largely unknown at this point. Sun did some extensive Open Sourcing in the past few years. It would be interesting to see how this deal would affect the direction of those products.
To know more information about the deal, read the Sun’s press release or Oracle’s press release. Oracle has put up an information page and answered some of the frequently asked questions in there.
The funny part is: The companies whichever you step in.. either they scrap their business else they are acquired lol
I doubt my contribution to that!