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 244/2021
Buy this issue as a PDF
News
-
Another New Linux Laptop has Arrived
Slimbook has released a monster of a Linux gaming laptop.
-
Mozilla VPN Now Available for Linux
The promised subscription-based VPN service from Mozilla is now available for the Linux platform.
-
Wayland and New App Menu Coming to KDE
The 2021 roadmap for the KDE desktop environment includes some exciting features and improvements.
-
Deepin 20.1 has Arrived
Debian-based Deepin 20.1 has been released with some interesting new features.
-
CloudLinux Commits Over 1 Million Dollars to CentOS Replacement
An open source, drop-in replacement for CentOS is on its way.
-
Linux Mint 20.1 Beta has Been Released
The first beta of Linux Mint, Ulyssa, is now available for downloading.
-
Manjaro Linux 20.2 has Been Unleashed
The latest iteration of Manjaro Linux has been released with a few interesting new features.
-
Patreon Project Looks to Bring Linux to Apple Silicon
Developer Hector Martin has created a patreon page to fund his work on developing a port of Linux for Apple Silicon Macs.
-
A New Chrome OS-Like Ubuntu Remix is Now Available
Ubuntu Web looks to be your Chrome OS alternative.
-
System76 Refreshes the Galago Pro Laptop
Linux hardware maker has revamped one of their most popular laptops.
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!