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SUNDAY, NOVEMBER 22, 2009
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Oracle Buys Sun Microsystems

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(Newser) – Oracle Corp. has agreed to buy Sun Microsystems, swooping in after Sun’s talks with IBM fell apart. Oracle will pay $7.4 billion, or $9.50 a share for Sun, the Wall Street Journal reports, a 42% premium on Friday’s close. Though Sun has been losing money, Oracle expects the deal to tack $1.5 billion onto its profits in the first year, and called Sun’s Java platform “the most important software” it’s ever acquired.

A sign for Oracle software hangs at the annual National Retail Federation conference Wednesday, Jan. 14, 2009 in New York.
A sign for Oracle software hangs at the annual National Retail Federation conference Wednesday, Jan. 14, 2009 in New York.   (AP Photo/Mark Lennihan)
A sign in front of Sun Microsystems' headquarters in Santa Clara, Calif. is seen Monday, April 6, 2009.
A sign in front of Sun Microsystems' headquarters in Santa Clara, Calif. is seen Monday, April 6, 2009.   (AP Photo/Paul Sakuma)
Exterior view of Sun Microsystems Inc. headquarters in Santa Clara, Calif., Friday, Nov. 14, 2008.
Exterior view of Sun Microsystems Inc. headquarters in Santa Clara, Calif., Friday, Nov. 14, 2008.   (AP Photo/Paul Sakuma)
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