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Santa Clara-based Sun Microsystems said today that it is in a deal to acquire MySQL AB for approximately $1B. MySQL AB is the firm behind the popular open source database MySQL. According to Sun, it will pay approximately $800M in cash for all of MySQL's stock, and assume $200M in options for the firm. The deal is expected to close in Q3 or Q4 of Sun's fiscal 2008. Both Sun Microsystems and MySQL cited a match between MySQL's and Sun's culture and business models behind the acquisition. According to the firms, MySQL will become part of Sun's Software, Sales, and Service organizations; Marten Mickos, the current CEO of MySQL, will become part of Sun's executive leadership team. MySQL AB, is headquartered in Cupertino and Uppsala, Sweden, and employs 400.
posted on Wednesday, January 16, 2008

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