Sun CEO Issues Memo in Wake of Oracle Acquisition Greenlight
As we reported this morning, after a waiting period that drew strong criticism for its obstruction of the deal, the European Commission approved Oracle’s $7.4 billion acquisition of Sun Microsystems. It only took a few hours for an internal memo to go out from Jonathan Schwartz, Sun’s CEO, announcing that he is resigning. discussing the impact that change in control will have on Sun, including the exit of some employees. Go Oracle! he told Sun employees. There’s more to the story, though.
In his memo, Schwartz, a very highly regarded person in the open source community, who once had a widely followed blog that he eventually posted to less and less, noted the fact that Europe’s approval of the Oracle acquisition took nine months — a long time. Schwartz has, partly because of the rules surrounding proposed acquisitions, been very silent during that time. In today’s internal memo, he refers to the impact that “change in control” has upon any acquisition and describes how broadly it will affect all Sun employees:
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Also: Sun and Oracle's impact on open source acquisitions
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