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Old April 20, 2009, 06:02 PM
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Default Oracle to buy Sun for $7.4B after IBM dropped bid

Information technology company Oracle Corp. said Monday it is buying Sun Microsystems Inc. in a cash deal the company valued at $7.4 billion after IBM abandoned its bid to buy the networking equipment maker.
Oracle to buy Sun for $7.4B after IBM dropped bid
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Old April 21, 2009, 08:52 AM
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Join Date: Mar 2009
Location: Ottawa
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It's clear that there was no interest to sell to IBM... and that almost resulted in a hostile takeover at Sun. While McNeily's business savy can't be questioned (he did build a mutli-billion dollar company), his rejection of the first deal was on par with the Yahoo/Microsoft buyout debacle last year.

Simply put, good timing for Oracle to swoop in... and god knows Mr. Ellison has never seen a company he didn't want to buy ;)

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