Sun shareholders will vote on Oracle deal on July 16

The company's board unanimously recommends passage of the US$7.4 bilion deal

Sun Microsystems has scheduled a special shareholders meeting for July 16 for a vote on whether to accept Oracle's US$7.4 billion proposal to buy the company. Sun's board has unanimously recommended the transaction go through.

The industry has been abuzz with speculation about how Oracle, which made its bid in April, will handle Sun's assets and influence, particularly its stewardship of the Java programming language and the open-source MySQL database.

Some have also questioned whether Oracle is truly interested in Sun's hardware business and will instead sell it to another company. A proxy statement filed by Sun in connection with the merger states that Oracle's initial interest focused on "certain of Sun's software assets."

But in a May 7 interview with Reuters about the acquisition, Oracle CEO Larry Ellison said the company "is definitely not going to exit the hardware business."

More about: MySQL, Oracle, Reuters, Sun Microsystems
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Comments

1

Anonymous

Tue 09/06/2009 - 10:23

I Don't belive Oracle definitely not going to exit the hardware business and Interested in Java programming language and Solaris.

The reason Oracle want to buy Sun is they want to
Kill MySQL Database. Because MySQL share is bigger and bigger in the future and Oracle afraid their Database share market go down. If they takeover Sun
they will not continue Developement and open source
for MySQL and Java.

I don't see good future for Sun and Java and MySQL
after Oracle takeover. Sun Shareholder should not
approve Oracle buying.

BJ

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