Mergers and Acquistions News
Categories: Software
January 27th 2010, 16:54PM
Oracle has announced that it has completed the acquisition of database software firm Sun Microsystems, in one of the most significant software deals in recent years.
After nine months since it first announced the plan to acquire Sun Microsystems for $7.4 billion (£4.6 billion), the company will today (January 27th) host a live five-hour webcast explaining the implications of the deal for shareholders and customers.
The webcast will set out Oracle's strategies for hardware, software, operating systems and virtualisation, customer service and support.
It has also stated that the combined firm will offer a broad range of products including servers, storage, networking and software, as well as integrating hardware, operating systems, databases, middleware and all applications to deliver enhanced performance.
The Oracle and Sun Microsystems deal was recently approved by the European Commission, despite concerns being raised that the move could have an affect on the competitiveness of the database market.
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