Filed under: Deals, Microsoft (MSFT), Sun Microsystems (JAVA)

Sun Microsystems, Inc. (NASDAQ: JAVA) will be buying open-source database software company MySQL AB for about $1 billion, both companies announced this morning. MySQL, based in Sweden, makes a very popular database application used by global nameplates we all recognize such as Google (NASDAQ: GOOG), Nokia Corp. (NYSE: NOK) and Facebook, Inc.

The deal includes an $800 million cash payment by Sun and $200 million in options to arrive at the billion-dollar total. MySQL CEO Marten Mickos said “Sun’s culture and business model complements MySQL’s own by sharing the same ideals that we have had since our foundation — software freedom, online innovation and community and partner participation.”

Sun’s movement into the open-source software universe recently has signaled a huge shift in its strategy under current CEO Jonathan Schwartz.

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This entry was posted on Wednesday, January 16th, 2008 at 3:52 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.