"Sun and Oracle today announced a definitive agreement for Oracle to acquire Sun for $9.50 per share in cash. The Sun Board of Directors has unanimously approved the transaction. It is anticipated to close this summer."
"The acquisition of Sun transforms the IT industry, combining best-in-class enterprise software and mission-critical computing systems," said Oracle CEO Larry Ellison. "Oracle will be the only company that can engineer an integrated system - applications to disk - where all the pieces fit and work together so customers do not have to do it themselves. Our customers benefit as their systems integration costs go down while system performance, reliability and security go up."
Oracle's press release mirror's Sun's:
