Just woke up. Checked my Twitter and boom! two hot news:
- Oracle announced that it has entered into an agreement to acquire BEA Systems, Inc.
- Sun Microsystems announced that it has agreed to acquire MySQL for $1 billion in cash
What a lovely database themed morning. Expect more coverage from the blogosphere today.
Update: But wait, here is a second Oracle acquisition for today: Oracle has agreed to acquire Captovation.
Possibly related:
- Oracle Strengthens Security Offerings
- Why invest in Oracle
- New Oracle Security Videos and Blog
- What is the COST?
- Oracle Identity Management Webcast
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Hope everything is working out...
Definitely a big day, with big ramifications, both techincal and business. Frankly, I hadn’t heard anything about talks between Sun and MySQL - perhaps I missed the signs. Oracle - BEA, of course, has been discussed for some time. Oracle positions itself as a company that is able to integrate acquisitions quickly, and though I don’t have firsthand knowledge of how effective they REALLY are at this, it certainly makes for a compelling story.
January 16th, 2008, at 8:18 am #SOA/BPEL is the next big technology that I should be expanding my expertise in. Now, off to installing SOA Suite 11g Technology Preview.
January 16th, 2008, at 1:15 pm #“Over the past several months our Board of Directors, with the assistance of independent financial and legal advisors, has reviewed various ways to maximize stockholder value, including engaging in discussions with third parties about a possible sale of the company,” said Alfred Chuang, BEA’s Chairman and CEO. “This transaction is the culmination of that diligent and thoughtful process, and we believe it is in the best interests of our shareholders. I am confident our innovative products, talented employees and worldwide customer base will be key contributors to the success of the combined company over the long term. We look forward to working with Oracle toward a successful completion of the transaction.”
Translation:
Woohoo! I’ve got 9 million shares at $19/share, I get $5M/year, and they pay me $10M if they dump me! Glad I paid back that couple $M in improper options.
(Aren’t SEC filings interesting?)
January 16th, 2008, at 4:27 pm #@Joel: That’s a lot of $$millions$$ dude. Woohoo! indeed.
January 16th, 2008, at 8:35 pm #