Sun acquires MySQL for $1 billion
Sun Microsystems Inc. has agreed to buy open-source software maker MySQL AB for $1 billion. Sun is paying $800 million in cash and assuming $200 million in options for the acquisition. The Swedish company makes open-source database software used by companies like Google and Facebook.
“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,” said Jonathan Schwartz, CEO and president, Sun Microsystems.
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