17 years, 2 months ago

Sun Pays Up the Wazoo -- $1 Billion -- for MySQL

Just before the economy slips into a recession, and at the peak of M&A market valuations, Sun Microsystems announced plans to buy open source database software maker MySQL for roughly $1 billion, or $800 million in cash and $200 million in options. Sun says more than 100 million copies of MySQL's open source database software have been downloaded and distributed, and 50,000 copies are downloaded daily. One analyst thinks MySQL's annual revenue may come in at $70 million to $85 million. It's a big move for Sun, which, flush with cash, announced last year a $3 billion stock buyback plan in an effort to jack up the share price.

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Sun Billion Million Mysql

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