Oracle acquired Sun today for a stock price of $9.50 per share in cash.
The transaction was made for $7.4 billion, or $5.6 billion net including Sun’s cash and debt.
Hopefully this acquisition goes in the positive direction. I’ve had issues with BEA WebLogic support after BEA was taken over by Oracle. Their support team is virtually non-existent now. WebLogic versions are barely being upgraded.
Looks like Oracle’s press release page has already been slashdotted.
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