Sun to Acquire MySQL
Sun Microsystems is to acquire database manufacturer MySQL at a purchasing price of around US$ 1 billion according to Sun.
Sun will be paying US$ 800 m in cash for MySQL shares and another US$ 200 m in share options. The transaction is scheduled for completion late in the third or early in the fourth quarter of Sun’s fiscal year 2008.
Marten Mickos, MySQL’s CEO, will be joining Sun’s management team. During the transition period a team of representatives from both companies will be handling the integration of the two companies with respect to technology, products and corporate culture.
Talking on Sun’s motivation for the acquisition, Sun’s CEO Jonathan Schwartz said: "Today’s acquisition reaffirms Sun’s position at the center of the global Web economy. Supporting our overall growth plan, acquiring MySQL amplifies our investments in the technologies demanded by those driving extreme growth and efficiency, from Internet media titans to the world’s largest traditional enterprises." A forecast by TechIQ late last year indicated excellent growth prospects for MySQL in 2008.
Issue 172/2015
Buy this issue as a PDF
News
-
Cisco Releases Annual Security Report
Spammers go low-volume, and 90% of IE browsers are unpatched.
-
Zero Day Exploits Target Flash
Adobe scrambles to release patches for vulnerable Flash Player.
-
Intel Unveils Compute Stick
Four-inch-long computer on a stick lets you boot a full Linux system from any HDMI display device.
-
Obama Proposes Personal Data Notification Law
New statute would require companies to report break-ins to consumers.
-
TGXf Project Warns of File Transfer through Screen Pixels
Weird data transfer technique avoids all standard security measures.
-
Industry Giants Announce a Fix for the Password Mess
FIDO alliance declares the beginning of the end for old-style login authentication.
-
Poll: Vote for the Best Open Source Software for Photographers
The Linux New Media Awards have honored the most significant products, projects, people, and organizations for open source/Linux every year since 2000.
-
Debian Gets Forked
Legendary Uber-distro splits over the systemd controversy.
-
Linux Mint Project Releases Mint 17.1
New LTS version offers many refinements for the Cinnamon and Mate desktops and significant improvement under the hood.
-
CeBIT Open Source Forum Call for Papers
One of CeBIT’s most successful forums returns in 2015.