In a major development today, Oracle Corp the software giant has planned to take a huge leap in its inorganic growth strategy .Oracle has bid a whooping 7.4 billion dollars to acquire another software biggie SUN Microsystems . These moves have come to the limelight after talks between Sun and International Business Machines (IBM) came to stalemate.

Sun Microsystems which is  famous for its high quality server facilities and its product called ‘JAVA’ has been offered a 9.50 dollar per share which is 42% premium over and above its current market price.While these developments happened the oracle shares plunged by 4.5 percent  touching $18.34 marks while on the other side of the pool sentiments was  optimistic enough to take Sun’s share figure to 9.20 dollars a surge by 37.5% in pre market trading.

But high profile analysts believe that this Oracle-Sun deal is going to be overshadowed by the Bank of America earnings ,which will cast its spell on market sentiment majorly.This oracle-sun deal valued at 7.4 billion dollars has been approved by Sun board.This business deal is expected to add over 1.5 billion dollars extra profit to the coffers of oracle. Lets wait and watch how the story unfolds in the coming days.

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