Sun to Acquire Tarantella
No Comments
Sun Microsystems is poised to acquire Tarantella, entering into a definitive agreement to buy out shares of the network software maker for a cash purchase price of $0.90 USD per share. The ultimate cost of the acquisition is estimated to be $25 million notwithstanding the assumption of employee stock options.
If closing conditions are met, Tarantella will be Sun's asset by the end of fiscal year 2006. Tarantella is a Sun iForce community partner based out of the United Kingdom.