Oracle acquiring Sun Micro On Agreed Price of $9.50 Per Share: Done Deal | Technology Blog »
Posted By bloodcut 8 months, 2 weeks ago in NewsThe Oracle Corporation, the technology information company, announced Monday that it would acquire a rival, Sun Microsystems, for $9.50 a share, which would value the transition at $7.4 billion. Sun Microsystems thwarted IBM’ s plan of acquisition when, IBM lowered its price from $10 to $9.40 per share.Monday’s deal represented a 42 percent premium over Sun’s closing price of $6.69 on Friday.
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