Oracle acquires Sun and looks towards integrated system
Database and business applications software house Oracle stunned Silicon Valley and Wall Street on Monday morning with the acquisition of Sun Microsystems for $7.4bn. The move follows the breakdown of acquisition talks between Sun and IBM in recent weeks. Jon Wilcox and John Stokdyk report.
The suprise factor has to do with the functional fit between the organisations. IBM shared some common ground with Sun - it also manufactures hardware and is an enthusiastic supporter of open source software including the web-friendly Java programming language that Sun invented.