Sun Shareholders Approve Acquisition by Oracle

Linked by Thom Holwerda on Fri 17th Jul 2009 21:18 UTC

"Sun announced that at a special meeting of stockholders held on July 16, 2009, its stockholders adopted the merger agreement entered into with Oracle Corporation, under which Oracle will acquire Sun common stock for $9.50 per share in cash. Approximately 62% of the shares of Sun common stock outstanding as of the record date for the meeting voted to adopt the agreement." Well, it seems I won't have to take down our fancy Oracle icon which I put up when the news first got out.

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really?

by broken_symlink on Fri 17th Jul 2009 21:30 UTC

Member since:
2005-07-06

Even if they didn't buy sun couldn't you have just kept it anyway and started reporting on other oracle news?

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RE: really?

by Jondice on Sat 18th Jul 2009 12:47 UTC in reply to "really?"

Member since:
2006-09-20

I think the Sun icon is way better.

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any concern by the government??

by TechGeek on Sat 18th Jul 2009 17:49 UTC

Member since:
2006-01-14

Has there been any word if the sale would be blocked by the FTC? The #1 database maker buying up a big competitor could be troublesome. Course, since its open source now, maybe it doesn't make a difference.

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RE: any concern by the government??

by segedunum on Sun 19th Jul 2009 00:46 UTC in reply to "any concern by the government??"

Member since:
2005-07-06

I'd expect there to be no opposition on that front. Without this takeover Sun are going bankrupt and nothing can be gained by that.

Edited 2009-07-19 00:53 UTC

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RE: any concern by the government??

by Havin_it on Sun 19th Jul 2009 02:48 UTC in reply to "any concern by the government??"

Member since:
2006-03-10

Please ... you're not referring to MySQL as a competitor to Oracle, are you?

Oracle's competitors are the likes of Microsoft (SQL Server), IBM (DB2), SAP at a push. MySQL, for all its ubiquity on the web, is a toy compared to that lot.

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move quickly

by chekr on Mon 20th Jul 2009 08:39 UTC

Member since:
2005-11-05

Let's hope Oracle move quickly to rejig the product roadmaps and sure up their support for OpenSolaris so we can remove this dark cloud hovering above all things Sun

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