Sun Buys MySQL for $1B
I feel like this is becoming an M&A blog, but there been a lot of relevant M&A activity of late that I felt I needed to cover (e.g., Microsoft/FAST, EMC/Document Sciences).
Yesterday's big news (aside from Oracle / BEA for I think $8.5B) was Sun announcing that it would buy MySQL for $1B.
Frankly, this deal caught me by surprise. I've been critical of Sun at times, but I think this is a smart move for them. It continues their trend of trying to offer open source and/or cheap software tools (e.g., Star Office) that undermine incumbents in large markets. And it will help them transition to from a wounded workstation and server company to something else. What "something else" is I'm not sure. I am sure, however, that they can't stay still, so in a sense any motion represents potential progress.
Schwartz is an active CEO blogger (gotta love that), so he has written his own extensive post on the deal, here. Excerpts:
we're putting a billion dollars behind the M in LAMP
Information Week covers the deal here.