Open

Coming up

Don't miss

Replay


LATEST SHOWS

FOCUS

Lifting the veil over China's air pollution

Read more

ENCORE!

Tango Takeover in Paris

Read more

WEB NEWS

Calls for ISIS media blackout after execution of James Foley

Read more

IN THE PAPERS

'Steely resolve of reporters exploited by pared-down employers'

Read more

BUSINESS DAILY

US judge calls Argentina bond swap offer illegal

Read more

IN THE PAPERS

Cécile Duflot ruffles some feathers

Read more

MEDIAWATCH

Media accused of pro-protester bias in Ferguson

Read more

DEBATE

The Murderous Lure of Jihad: Tackling ISIS and its Worldwide Recruitment (part 2)

Read more

DEBATE

The Murderous Lure of Jihad: Tackling ISIS and its Worldwide Recruitment

Read more

  • Besieged by problems, Hollande faces unhappy return from summer holidays

    Read more

  • Central African Republic announces coalition cabinet

    Read more

  • Russian aid convoy reaches Ukraine’s rebel-held Luhansk

    Read more

  • Gunmen kill scores in Iraqi Sunni mosque attack

    Read more

  • Hamas publicly executes "informers"

    Read more

  • French firebrand leftist to quit party presidency, but not politics

    Read more

  • Fear of Ebola sky-high among Air France workers

    Read more

  • US says Islamic State threat 'beyond anything we've seen'

    Read more

  • Malaysia mourns as remains of MH17 victims arrive home

    Read more

  • Turkish Foreign Minister Davutoglu set to be Erdogan's new PM

    Read more

  • Hollande is ‘nobody’s president’ says former French minister

    Read more

  • Two US Ebola patients leave hospital ‘virus-free’

    Read more

  • US reaches historic $16.7bn settlement with Bank of America

    Read more

  • France delivered arms to Syrian rebels, Hollande confirms

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    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)