cnn.com reports:

SAN FRANCISCO (AP) — Sun Microsystems Inc. has agreed to buy open-source software maker MySQL AB for $1 billion, beefing up the server maker’s database offerings with a company whose technology is used by some of the world’s biggest Web sites.

Santa Clara-based Sun, in separate announcements before the market opened, said its second quarter revenue would narrowly exceed Wall Street estimates. It also said profit would fall at the high end of analysts’ expectations. The company revealed its preliminary results ahead of schedule.

The acquisition, expected to close in the third or fourth quarter, takes pressure off Sun to spend some of the cash it’s been accumulating. It also bolsters its software offerings with a well-known name in Internet data retrieval.

What will become of MySQL after the acquisition? In my super humble opinion, there are only two things that could happen: MySQL’s growth will surpass its previous records or MySQL will go down the drain. Fighting my inner pessimist, I hope that MySQL will continue to be what it is today or even better for the sake of this blog :D

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