Wednesday, January 16, 2008

Sun to acquire MySQL for $1 billion

Source: IDG News Service

Sun will pay $1 billion for Swedish software company MySQL, whose open-source database is used for some of the most widely visited Web sites in the world.

Sun said the deal will augment its position in the enterprise IT market, including the $15 billion database market.

MySQL's product line will help Sun give further support to the open-source Web application platform known as LAMP, the acronym for the Linux OS, Apache Web server, MySQL database and the PHP/Perl programming languages.

Sun will pay $800 million in cash and $200 million in options.

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