After IBM dalliance, Sun goes to Oracle for $7.4B (AP)

An Oracle employee walks in front of Oracle Corp. headquarters in Redwood City, Calif., Monday, April 20, 2009. Oracle Corp. snapped up computer server and software maker Sun Microsystems Inc. for $7.4 billion Monday, pouncing on an opportunity that opened up after rival IBM Corp. abandoned an earlier bid to buy one of Silicon Valley's best known, and most troubled companies. (AP Photo/Paul Sakuma)AP – Sun Microsystems Inc.’s scramble to find a suitor landed the slumping server and software maker in the arms of Oracle Corp., which agreed to pay $7.4 billion in cash for Sun in a startling marriage that would transform Silicon Valley and the computing industry.

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2009
04/20
CATEGORY
News
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