Sun shareholders give green light to Oracle buyout

<p>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 <a href="https://news.cnet.com/8301-1001_3-10288611-92.html?part=rss&amp;subj=news&amp;tag=2547-1_3-0-20" target="_blank">voted in favor</a> 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.</p> <p>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 <a href="https://www.techspot.com/news/34399-microsoft-questions-oraclesun-deal.html" target="_blank">who question</a> the move, most are in favor of it.</p> <p>The question still remains what are Oracle’s plans for Sun's assets, such as the popular <a href="https://www.techspot.com/news/34509-openoffices-future-uncertain-in-light-of-sunoracle-deal.html" target="_blank">OpenOffice</a> 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.</p><p><a rel='canonical' href='https://www.techspot.com/news/35484-sun-shareholders-give-green-light-to-oracle-buyout.html' target='_blank'>Permalink to story.</a></p><p class='permalink'><a rel='canonical' href='https://www.techspot.com/news/35484-sun-shareholders-give-green-light-to-oracle-buyout.html'>https://www.techspot.com/news/35484-sun-shareholders-give-green-light-to-oracle-buyout.html</a></p>

Another good company about to be milked drive, and disposed of by Oracle.