Open

Coming up

Don't miss

Replay


LATEST SHOWS

WEB NEWS

Brazil's presidential election seen from the web

Read more

WEB NEWS

Ivory Coast launches the "Soap Bucket Challenge"

Read more

#TECH 24

Anonymous Vs ISIS

Read more

AFRICA NEWS

Ebola virus: US to send 3,000 troops to West Africa

Read more

AFRICA NEWS

Nigeria attack: Bomb blast in college in Kano

Read more

AFRICA NEWS

Ebola: Lockdown brings Sierra Leone capital to a halt

Read more

MEDIAWATCH

Sarkozy's political comeback: did he ever leave?

Read more

DEBATE

The World This Week

Read more

FRANCE IN FOCUS

Travel chaos: Air France pilots take industrial action

Read more

Business

Oracle beats IBM to buy Sun

Latest update : 2009-04-20

Software giant Oracle has succeeded in buying hardware specialist Sun Microsystems for 7.4 billion dollars after Sun rejected an earlier offer from IBM.

AFP - Business software giant Oracle announced plans Monday to buy struggling tech firm Sun Microsystems for 7.4 billion dollars including debt and cash.
  
The deal comes after Sun reportedly rejected a takeover bid from computer giant IBM. It will boost Oracle, the number two software firm, by giving it the popular Java programming language and Solaris operating software for computer servers.
  
"The acquisition of Sun transforms the IT industry, combining best-in-class enterprise software and mission-critical computing systems," Oracle's chief executive Larry Ellison said in a statement.
  
"Oracle will be the only company that can engineer an integrated system -- applications to disk -- where all the pieces fit and work together so customers do not have to do it themselves," he said.
  
Sun chairman Scott McNealy hailed the merger as "an industry-defining event."
  
Company officials said Sun's board of directors have unanimously approved the deal which is expected to close this year pending approval from the company's stockholders and federal regulators.
  
Sun is known for its open-source software program such as OpenOffice.org, OpenSolaris and Java, and was involved in efforts to build a network computer that would use alternatives to Microsoft's operating systems.

Date created : 2009-04-20

COMMENT(S)