Oracle to Buy Sun - Yahoo! Finance

Oracle to Buy Sun - Yahoo! Finance

Sun and Oracle have entered into a definative agreement for Oracle to purchase Sun.

Oracle will acquire Sun common stock for $9.50 per share in cash. This values Sun at about $7.4bn.

Oracle can utilise Sun's Solaris and Java platforms (and may even keep the hardware business going so they have an optimised hardware base which will allow Oracle appliances etc.). However the future of MySQL has not been mentioned and may not be so rosy.

Oracle may well drop MySQL and leave it to the community to keep going.