Topic / Mergers

EU clears Oracle/Sun deal

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The European Union has given its approval to Orcale’s purchase of Sun Microsystems, the owners of several technologies like MySQL and Java, after finalising its investigation that was opened in September of last year. The investigation was launched to see if it would be an impediment of “effective competition” within the European Economic Area (EEA), a free-trade agreement within the European Union and three other states – Iceland, Liechtenstein and […]

Sun to be bought by Oracle, not IBM

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In a blow to a rumoured deal with IBM, Sun Microsystems has announced that Oracle has agreed to buy the Java and MySQL owner for US$7.4 billion, or US$9.50 per share – a 10 cent increase to what IBM was bidding for, in a shocking announcement that managed to send Sun’s share up by nearly 37 percent. The board has unanimously approved the deal – unlike the rejection of the […]

Breaking News: Sun Microsystems to be bought by Oracle

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It has been reported and confirmed on a number of news and tech sites that the software giant Sun Micro will be bought out Oracle for $9.50USD a share, equaling an approximate $5.6 Billion USD (Net) deal to be closed at the end of August. IBM backed out of a deal earlier this year which prompted the way for Oracle to take advantage of the falling apart. It is believed […]

Report : Sun/IBM merger bid rejected, IBM walks away

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Shareholders will be watching Sun and IBM shares very carefully now when the markets open tomorrow (in the US), as merger talks between the two companies have been called off; according to sources talking to both the Wall Street Journal and the New York Times. A merger between Sun and IBM would given them a total combined share in the computer server market of 42 percent, overshadowing rivals HP’s 29.5 […]

IBM near deal to buy Sun, assures that it will fight if regulators object

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IBM and Sun are said to be nearing a possible merger, with discussions that IBM will pay US$9.55 a share – $1 less than what Sun previously expected and a revised value at US$7 billion – in return that IBM will fight for the deal even if the regulators object to the plan, according to the Wall Street Journal. Both companies have a 65 percent share in the high-end Unix […]

Vodafone and 3 merger gets shareholder approval

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Shareholders for telecommunications operator Hutchison, who run the 3 network in Australia, have approved a proposed merger with the Australian operations of the UK-based Vodafone mobile phone operator in what will be a major shakeup in the mobile phone sector in Australia. The merger was given the approval this afternoon in a general meeting in Sydney. This will, also, eliminate its second last hurdle before they could form a new […]

Vodafone and 3/Hutchison to merge, kills off 3 brand

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In a sign that economic times are tougher than ever; Vodafone and Hutchison Telecommunications, who runs the 3 mobile carrier, have announced that they will merge their businesses together to create a company, which both companies will own 50 percent in the joint venture. The new joint venture will effectively give Optus and Telstra less competition in the mobile telecommunications sector, but would pressure the other two companies in the […]