U.S tech biggie oracle is in a verge of buying the Sun Microsystems at a sum of $7.4 billion (?5.1bn). The talks with the IBM were not successful. Oracle is willing to pay $9.50 per share for the Sun Microsystems. This acquisition is the latest by the Oracle in the continuous acquisition by Oracle’s Larry Ellison. Sun’s controlling board has accepted this deal without any hesitation. This deal will certainly have some impact on the IT industry. However Oracle offer was little bit higher than the IBM. Sun’s future has been put into trouble when talks with the IBM failed. Oracle offers the most business software like databases, Customer relationship management programs and relationship tools and it seems it will finish this deal by summer.

Sun chairman Scott McNealy said that his company and Oracle forge in IT industry for more than 20 years. He also added that this natural relationship would be the industry defining moment. Sun Microsystems are famous for its Java software platform, MySql database, Solaris operating system and SPARC chips. It cuts many jobs in the last year to reduce the cost of the company. Jonathan Schwartz chief executive of Sun Microsystems distributed free sources in the net nut it fails it bring in the revenue growth because of the boom in dotcom got over.

Some of the analysts said that Sun will be disintegrating while they sold the database, semiconductor and other software firms of sun are sold to other big giants. Ellison told that the Sun will be involving in the design of integrated systems to ease the work of the customers. This will definitely cut costs and improves security and performance. In the past few year, oracle also bought the PeopleSoft, Siebel and BEA Systems. Oracle said that after considering the Sun’s cash and debt, it cost us around $5.6 billion to go though the deal.