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Oracle buys Sun Microsystems

April 20, 2009 by admin  
Filed under Business

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Oracle is paying, in cash, $9.50 for each Sun share. This works out to US$7.4 billion US dollars, or US$5.6 billion net of Sun’s cash and debt. The deal comes after Sun reportedly rejected IBM’s takeover bid.

As an aside, there is a rumour (purely rumour) that NetApp is a next takeover target. Will this turn out to be true, and by who?

Well, watch this space …

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