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The acquisition of Sun Microsystems by Oracle Corporation was completed on January 27, 2010. [1] After the acquisition was completed, Oracle, only a software vendor prior to the merger, owned Sun's hardware product lines, such as SPARC Enterprise, as well as Sun's software product lines, including the Java programming language.
This is a listing of Oracle Corporation's corporate acquisitions, including acquisitions of both companies and individual products. Oracle's version [1] does not include value of the acquisition. [2] See also Category:Sun Microsystems acquisitions (Sun was acquired by Oracle).
The EU's support of Oracle Corp.'s (ORCL) $7.4 billion acquisition of Sun Microsystems Thursday didn't come as a big surprise but it is no doubt a key moment for the industry, especially for Sun, the
On September 3, 2009, the European Commission opened an in-depth investigation into the proposed takeover of Sun Microsystems by Oracle. [105] On November 9, 2009, the Commission issued a statement of objections relating to the acquisition. [106] Finally, on January 21, 2010, the European Commission approved Oracle's acquisition of Sun.
Logo for Sun StorageTek products used prior to Oracle acquisition In June 2005, Sun Microsystems, Inc. announced it would purchase StorageTek for US$4.1 billion in cash, or $37.00 per share. [ 3 ] In August 2005, the acquisition was completed.
After Oracle acquired Sun Microsystems, they re-branded a number of products that overlapped in function. (See table below.) The re-branding, and Oracle's commitment to ongoing support and maintenance of these products were revealed by Hasan Rizvi, Senior Vice President of Oracle Fusion Middleware in an Oracle and Sun Identity Management Strategy webcast in 2010.
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For Oracle, the 200-day moving average sits at $123.04, according to Benzinga Pro, which is below the current price of $156.09. For more on charts and trend lines, see a description here.