Tuesday, November 29, 2022 | Back issues
Courthouse News Service Courthouse News Service

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.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading
Loading...