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Oracle buys Sun for $7.4bn

Oracle buys Sun for $7.4bn
Submitted by UKOCN on 20 April, 2009 - 15:00.

Oracle has announced plans to buy Sun Microsystems, plunging the enterprise software vendor into the hardware market and making Sun the latest company to be subsumed by the Silicon Valley giant.

The deal comes just weeks after a reported deal by IBM to buy the Java software maker fell apart.

Oracle is no stranger to big acquisitions, and has bought a series of software firms in the last few years including PeopleSoft, BEA and Siebel Systems.

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Supporting Resources

Oracle's presentation on Sun purchase  


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