Oracle’s Takeover of Sun Extended
June 27, 2009 by Stephen Kersey
Filed under Business
In one of the biggest business moves of 2009, Oracle agreed to takeover Sun Microsystems. The deal is estimated to be worth almost $7.5 billion. Sun Microsystems, a company in the computer server industry, had been linked to IBM — but those negotiations broke off and Oracle jumped in.
However, the official Oracle takeover of Sun will have to wait a little bit longer. The United States Department of Justice is requesting further information about the transaction. One of the areas that is under the microscope is what Oracle will do with Java, an extremely popular programming language.
Despite the requests for information, almost every industry expert believes that the takeover will eventually become official. Almost no one thinks any major snag will be hit that will put the transaction in jeopardy. Most predictions have Oracle officially taking over Sun by October 1st.
Sun Microsystems (Image: Flickr)
