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Technology
Written by Gary Howes   
Monday, 20 April 2009

Sun and Oracle merge while Friendster and Sevenload agree on Asian partnership.

The Sun and Oracle merger


Today sees Oracle Corporation and Sun Microsystems announce that they have entered into a definitive agreement under which Oracle will acquire all outstanding shares of Sun common stock for $9.50 per share in cash.

The offer is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt.

The transaction is expected to close in the Summer.

Friendster and Sevenload agreement


sevenload.com, one of the world’s leading social media networks for videos, photos and Web TV content, and Friendster, Inc., a top 20 global website based on traffic and the #1 social network in Asia, today announced their new global partnership for the Asia-Pacific and European markets.

In this partnership, sevenload will promote Friendster’s popular social networking suite of features with an extensive onsite marketing campaign on sevenload.com.

In the next several weeks, Friendster will implement sevenload’s state-of-the-art video player technology and video application and provide access on Friendster.com to a variety of sevenload’s licensed premium content and user-generated content. Friendster users can consume, share and discuss sevenload video content with friends and other members online.

sevenload’s video content will be made available to over 100 million registered Friendster users via Fan Profiles and/or as an application integrated via the Friendster Developer Program.

Fan Profiles will be created specifically for sevenload premium content as channels, where users can become a fan of each channel, meet other people who share the same interests, and share this content with their friends.

Over 50 million fans of thousands of existing Fan Profiles – which support over 50 different entity types, such as musicians, artists, celebrities and organizations – will now be able to post and distribute video content via the sevenload video player.
 

 

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