MySQL AB, the Swedish company behind the popular MySQL open-source database management system, has agreed to be bought out by Sun Microsystems for $1 billion in cash and options. The Scandinavian firm's database software has become a cornerstone of the modern Web, and it's often used in conjunction with the Linux operating system, Apache web server software, and PHP web scripting software as part of the so-called "LAMP" software stack. MySQL users range from lone bloggers to firms like Google, Baidu, Nokia, and Facebook.
The acquisition is scheduled to be completed in the late first quarter or early second quarter, at which point MySQL AB will be swallowed into Sun's Software, Sales, and Service organizations, and its CEO, Finnish IT industry veteran Marten Mickos, will become part of Sun's senior executive leadership team. Sun will pay a total of $800 million in cash and $200 million in stock options for the company.
Thanks to the acquisition, Sun says it will gain a significant foothold in the $15 billion database market. The buyout announcement doesn't reveal what direction Sun plans to take the database software, although it does state that Sun will retain MySQL's multi-platform approach by "enhancing and optimizing the LAMP stack on GNU/Linux and Microsoft Windows along with OpenSolaris and MAC OS X."