Oracle to Buy Sun
Best and fantastic day for Sun’s customers, developers, partners and employees across the globe,
SANTA CLARA, Calif. April 20, 2009 Sun Microsystems (NASDAQ: JAVA) and Oracle Corporation (NASDAQ: ORCL) announced today 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 atapproximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt.
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