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Sun ends up with Oracle…

Monday, April 20th, 2009 at 3:01 pm by Brian Ales

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Maybe you’ve heard.  Oracle has is going to purchase Sun for $7.4bil, or $9.50 per share (a 42% premium over its current market cap).

We had been watching the dance between IBM and Sun for a few weeks now, and had speculated as recently as last week in “Worth a Click” that there was still a chance for those two crazy kids to work it out.   However, it appears possible that the ‘come hither’ noises Sun was making to IBM last week could have just been a negotiating tactic aimed at Oracle (Sun is going to Oracle for a mere  $0.10 more per share than IBM’s last best offer).
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