Sun shareholders give green light to Oracle buyout

By Justin Mann on
As far as most outsiders were concerned, the Sun-Oracle merger was all but finished. Shareholders still had to voice their opinion, however, and this week those holding approximately 62 percent of all shares voted in favor of the merger. In all, Sun will end up being purchased for about $7.4 billion, which will likely please most shareholders and execs for the struggling yet still relevant tech company.

With most hurdles overcome, Oracle still has to deal with a few legal issues before calling the deal done, and though there are some industry players who question the move, most are in favor of it.

The question still remains what are Oracleís plans for Sun's assets, such as the popular OpenOffice and VirtualBox suites. Not to mention MySQL, which is arguably the most important piece of software it will gain control over. The full-featured database management system is seen as direct competitor to Oracle, and collectively the two make up a large portion of the enterprise databases market.

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