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Oracle Will Buy Sun|For $9.50 a Share

(CN) - Oracle Corp. said today it will buy Sun Microsystems for $9.50 a share, or $7.4 billion. The deal comes two weeks after Sun refused IBM's offer of $9.40 a share, after an initial offer of $10. Sun closed at $6.69 on Friday. Oracle and Sun said that factoring in Sun's debt, the deal is worth $5.6 billion.

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