By Don Miller
Associate Editor
Money Morning
In a surprise move yesterday (Monday), Oracle Corp. (
ORCL) pounced on the opportunity to buy Sun Microsystems Inc. (
JAVA), for about $7.4 billion in cash, stepping in after Sun’s talks with International Business Machines Corp. (
IBM) fell apart.
The deal gives Oracle control of server and software maker Sun’s coveted Java programming language and brings to a close Sun’s 27-year reign as the maverick of Silicon Valley. Java is the dominant language of the Internet and runs on over 1 billion devices worldwide.
The acquisition is in line with Oracle’s overall business strategy. Oracle, the world’s second-biggest software maker, has dropped $34.5 billion on buyouts since 2005, making it the most aggressive software company in the hi-tech field.
"The deal would strengthen Oracle’s position against IBM. Oracle has done a good job ...
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