Shock Oracle Deal Will To Reshape The Face Of IT

Many said it wouldn't happen, but Sun Microsystems has successfully attracted a buyer after its deal talks with IBM fell apart in early April. Oracle has emerged with a speedy (in comparison with IBM's lengthy due diligence) all cash offer of US$7.4bn for Sun on April 20. The agreed deal, which equates to US$9.50 per share, will transform Oracle into a direct competitor to industry giants such as IBM and Hewlett-Packard.

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