MySql to be bought by Sun for $1billion

Author: admin

16 Jan

Sun acquires MySql

MySQL AB, an open source icon and developer of one of the world’s fastest growing open source databases, has agreed to be bought out by Sun Microsystems for $1 billion in cash and options. The acquisition is scheduled to be completed in late Q3 or early Q4 of Sun’s fiscal 2008, at which point MySQL AB will be integrated into Sun’s Software, Sales, and Service organizations. Sun will pay a total of $200 million in stock options and $800 million in cash for the company.