The acquisition is finally complete…On January 27th, Oracle purchased Sun Microsystems, costing over $7 billion! This deal goes down in history as being the world’s largest maker of database software turned into a hardware company. Oracle will now be manufacturing servers, storage solutions, and other high-end hardware, as well as take over Sun’s Solaris operating system, Java, and the MySQL open source database.
I think this move has both positives and negatives involved. For people who own stock in Sun Microsystems, they enjoy a great deal of satisfaction as there is a 37% jump! Also, Oracle benefits from the deal since they will be acquiring a lot of services and hardware that they didn’t have before. On the negative side, many jobs are lost as well as tremendous cost cutting actions will be taken for Sun. In fact, 40-70% of Sun workers will lose their jobs to this acquisition.