Oracle buys Sun for $ 7, 4 billion

April 21, 2009, 12:41 am

oracle buys sun for $ 7, 4 billion   At the end of the first week of April, we wrote to reject the leadership of IT-giant Sun Microsystems IBM proposal to merge. Then the rejection of attractive offer was worth a quarter of the value of Sun shares - securities company dropped the price by 25%.
Today, the world was shaken by the sudden news - a giant market, the company Oracle, announced the purchase of Sun Microsystems for 7, 4 billion dollars in cash. Notably, the leadership of Sun unanimously supported the merger.
It is assumed that the conditions of interest to investors, Oracle Sun much more than the offer IBM. Rather, Sun is aware that in periods of crisis, money is better not to give up.


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