SANTA CLARA, Calif., April 20, 2009 — Sun Microsystems NASDAQ: JAVA and Oracle Corporation NASDAQ: ORCL announced today they have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt.

via Sun and Oracle.

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