Oracle has announced that a bid of 7.4 billion dollars has been Sun Microsystems. The announcement of the bid comes just days after the takeover negotiations between Sun and IBM were final piece.
Oracle biedt 9,50 dollar per aandeel, wat neerkomt op een totaal bod van 7,4 miljard dollar. Oracle's bid is 10 cents higher than the last offer from IBM, which previously had made a bid of 10 dollars per share. According to Oracle, the total value after deduction of debts Suns 5.6 billion dollars. The bid was unanimously approved by the Board of Directors of Sun Microsystems, but will also need to be approved by shareholders and various competition authorities.
With the acquisition Oracle enters relatively unknown territory and becomes a major player in the server market. The declaration of Oracle CEO Larry Ellison appears that Oracle customers an all-in-one solution wants to offer. "The acquisition of Sun transforms the IT industry, because the best business software combined with important computer systems. Oracle is the only company that a completely integrated system of application to drive supplies and ensure that all parts work together without the customer what it needs to do. Our customers benefit because their integration costs fall while performance, safety and reliability of their systems grow, "says Ellison.
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