Acquisition of Sun Microsystems by Oracle Corporation
Agreement announced in 2009 and completed in 2010 / From Wikipedia, the free encyclopedia
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The acquisition of Sun Microsystems by Oracle Corporation was completed on January 27, 2010.[1] After the acquisition was completed, Oracle, only a software vendor prior to the merger, owned Sun's hardware product lines, such as SPARC Enterprise, as well as Sun's software product lines, including the Java programming language.
Initiator | Oracle Corporation |
---|---|
Target | Sun Microsystems |
Type | Full acquisition |
Cost | $7.4 billion (value) $5.4 billion (net cash / debt) |
Initiated | April 20, 2009 |
Completed | January 27, 2010 |
Concerns about Sun's position as a competitor to Oracle were raised by antitrust regulators, open source advocates, customers, and employees over the acquisition.[2] The European Commission delayed the acquisition for several months over questions about Oracle's plans for MySQL, Sun's competitor to Oracle Database.[3] The Commission finally approved the takeover, apparently pressured by the United States to do so, according to a diplomatic cable leaked in September 2011.[4]