Sun Microsystems is taking the plunge into the database market with the purchase of open source database developer MySQL for $1 billion ($800 million in cash in exchange for all MySQL stock and assumption of approximately $200 million in options).
With the move, announced Wednesday, Sun takes a big leap into the $15 billion database market and pits it against the likes of Microsoft, IBM and Oracle. MySQL (all resources) also gives Sun entry to some customers that may be interested in buying more equipment and software. MySQL counts Facebook, Google, Nokia and Baidu as customers.
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