Swooping in from nowhere, Oracle buys Sun for $7.4B !! "This morning, the companies announced that they'd struck a deal worth $7.4 billion or $5.6 billion net of Sun's cash and debt. Under the terms, Oracle will acquire Sun common stock for $9.50 per share in cash. The arrangement would provide Oracle ownership of Java and Solaris and gives Oracle control of MySQL, in addition to its own flagship database technology ." What a coup for Oracle and a boon for cloud computing!! As a software company focused on transitioning to the SaaS model, Oracle is making a very loud statement with this acquisition. With our SOA-R partners , Northrop Grumman and Appistry , Dataline has already successfully demonstrated an ability to use the Oracle SOA Suite and Oracle Beehive on the Amazon EC2 platform (see Cloud Computing: Infrastructure-as-a-Service Demonstration ). As one of the largest Oracle application users, the Federal government will now definitely see Oracle as a viable ...
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