News Desk
Sun Buys MySQL, Gets Oracle for an Enemy
Sun, Oracle's sometimes best friend, turned into an Oracle competitor this morning when it said it was buying MySQL, the open source database that's part of the famous LAMP stack. It's paying a billion dollars. MySQL was supposed to go public this year but picked the easier monetization route. Sanford C. Bernstein estimates MySQL?s financial position at breakeven on $60 million-$80 million on trailing 12-month revenues although over 100 million copies of the database have been downloaded. Sun is paying $800 million cash for MySQL's stock and assuming about $200 million in options. But Sun has been known to overpay for acquisitions before. Remember its fatal $2 billion Cobalt Networks deal?
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Sun News Desk commented on 16 Jan 2008
Sun, Oracle's sometimes best friend, turned into an Oracle competitor this morning when it said it was buying MySQL, the open source database that's part of the famous LAMP stack.
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