Oracle Buys Sun Microsystems
After weeks' long rumor mill, the word is finally out: database specialist Oracle is buying Sun Microsystems for around $7.4 billion. This just two weeks after IBM abandoned its bid to do the same thing.
Oracle and Sun announced that Oracle will acquire Sun's stock by the end of the summer, paying $9.40 per share. Oracle expects in the first year of the purchase to add $1.5 billion in adjusted profits with at least 15 cents more per share. They're also expecting $2 billion more in profits the second year.
Particularly interesting for Oracle, at least according to a first statement of the parties, are the Sun freebies Java and Solaris. In their joint statement, they declared that the "Sun Solaris operating system is the leading platform for the Oracle database" and that they can now "optimize the Oracle database for some of the unique, high-end features of Solaris." Oracle CEO Larry Ellison can now claim that "Oracle will be the only company that can engineer an integrated system." What will happen with open source MySQL, which Sun bought over a year ago, is anyone's guess.
The announcement is the first tangible result of the weeks-long takeovergame. The Wall Street Journal had reported that IBM was in talks with Sun, but had broken them off due to the high price set by Sun. No official statement ensued. Oracle was then brought up again in connection with a Red Hat takeover, again with no definite statement of facts to prove it.
Comments
comments powered by DisqusIssue 210/2018
Buy this issue as a PDF
News
-
Red Hat Enterprise Linux 7.5 Released
The latest release is focused on hybrid cloud.
-
Microsoft Releases a Linux-Based OS
The company is building a new IoT environment powered by Linux.
-
Solomon Hykes Leaves Docker
In a surprise move, Solomon Hykes, the creator of Docker has left the company.
-
Red Hat Celebrates 25th Anniversary with a New Code Portal
The company announces a GitHub page with links to source code for all its projects
-
Gnome 3.28 Released
The latest GNOME rolls out with better contact management and new features for handling virtual machines.
-
Install Firefox in a Snap on Linux
Mozilla has picked the Snap package system to deliver its application to Linux users.
-
OpenStack Queens Released
The new release comes with new features for mission critical workloads.
-
Kali Linux Comes to Windows
The Kali Linux developers even managed to run full blown XFCE desktop via WSL.
-
Ubuntu to Start Collecting Some Data with Ubuntu 18.04
It will be an ‘opt-out’ feature.
-
CNCF Illuminates Serverless Vision
The Cloud Native Computing Foundation announces a paper describing their model for a serverless ecosystem.
Sun's failure was set in the 1990s
hmm...
Gosh who know where that is going to take Oracle!
Will that make Oracle the biggest "Software" provider in the world!