In the past several years Oracle has made several acquisitions of a few well-known companies like Siebel, PeopleSoft, and BEA Systems. It now adds one more to its lineup of companies. Oracle has succeeded in its negotiation with Sun Microsystems. In the $7.4 billion deal, Oracle announced that it will pay $9.50 per share for Sun. Talks regarding the deal went smoothly as the Sun’s board unanimously gave its approval. Sun can again see a brighter now that the deal with Oracle has pushed through. The future went a bit gloomy for Sun when the negotiation with IBM did not come to any results.

Oracle’s chief executive, Larry Ellison is very happy about the whole deal because his company’s acquisition of Sun opens up bigger opportunities for Oracle in the IT industry. Right now Oracle has negligible presence in the hardware market, but now, with Sun all that’s about to change. The purchase of Sun entitles Oracle ownership of Java, which is a major building block in middleware platform as well as access to various storage systems and software, and MySQL open source database. According to Ellison, with Sun Oracle will be able to “engineer an integrated system – applications to disk – where all the pieces fit and work together so customers do not have to do it themselves.”