Oracle buys Sun Microsystems

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 …

Quotation

This world is advanced by people who dares to dream and who take the risks to convert those dreams into reality. The rest just have to follow rules set by them.