June 8, 2009

Sun shareholders to vote on Oracle deal July 16

Article Source ComputerWorld
June 8, 2009, 8:25 am

Sun Microsystems has scheduled a special shareholders meeting for July 16 for a vote on whether to accept Oracle's $7.4 billion proposal to buy the company. Sun's board has unanimously recommended the transaction go through.

The industry has been abuzz with speculation about how Oracle, which made its bid in April, will handle Sun's assets and influence, particularly its stewardship of the Java programming language and the open-source MySQL database.