The Apache Software Foundation Receives Approval for Sale to Oracle Corporation. Oracle agrees to purchase the IP and all assets of The Apache Software Foundation for $1.5 Billion.

Today, the Apache Software Foundation announced it has agreed to sell all IP and assets of the foundation to Oracle. The agreement is a $1.5 billion all cash deal. The ASF board agreed to the terms after vigorous discussions last evening.

“We never considered the possibility of selling the ASF,” said Jim Jagielski, Chairman of the ASF, “but Oracle made us a simply fantastic offer. Larry himself flew out last week to meet with us to address our concerns.”

(Ads)

As part of the agreement, Oracle obtains even more of the crucial LAMP-stack software products.

"It was Oracle's admission that the Web is more than 'just' Java or databases that finalized the decision for us," said Justin Erenkrantz, Director and President of the ASF.

2009 marked the 10th Anniversary of the ASF.

"We will be communicating updates about the status of our projects and our license in the near future. As a community based organization, we want to ensure the best experience for our existing committers, contributors, and users, under our new arrangement.", the Apache Software Foundation stated.

In Apache's blogs, some people raised the concerns that the development of some Apache projects may be slowed down since motivations of some members of the Apache Software Foundation may go down now that they get to received a huge sum of money.

The news was released on the Apache Software Foundation blog on the FIRST OF April 2010, a day where many unreliable news were release even by many reputable companies!

Related posts:

1. Apache FtpServer 1.0.4 released
2. Celebrating 15 Years of Apache HTTP Web Server
3. Oracle Reiterates Its Continue Development And Support Of OpenOffice.org.
4. Apache Directory Server 1.5.6 Released
5. New Logo for the Eclipse Foundation

Tags: Apache, First of April | April Fools' Day, Oracle