Highlights of Oracle’s Sun acquisition

• Deal announced April 20, 2008
• Oracle (NASDAQ: ORCL) will acquire Sun Microsystems (NASDAQ: JAVA) common stock for $9.50 per share in cash
• Transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt
• Key Sun software assets: Java (authoring language) and Solaris (operating system)
• The Board of Directors of Sun Microsystems unanimously approved the transaction
• Deal anticipated to close this summer, subject to Sun stockholder approval, certain regulatory approvals and customary closing conditions
• The acquisition expected to be accretive to Oracle’s earnings by at least 15 cents on a non-GAAP basis
• Estimated that the acquired business will contribute over $1.5 billion to Oracle’s non-GAAP operating profit in the first year
• Oracle is the world’s largest enterprise software company
• Oracle CEO: Larry Ellison
• Oracle President: Charles Phillips
• Sun Chairman: Scott McNealy
• Sun CEO: Jonathan Schwartz

Source: Oracle Corporation

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