IT Biggies go on a shopping spree …

$9.5 billion were spent today by IBM and Oracle.

• IBM bought MySQL for $1 billion
• Oracle bought BEA for $8.5 billion

IBM has been the biggest contributor to Open Source Software and this is good news for all ..

BEA will help Oracle with its Middleware efforts named Fusion, which I heard of when I worked as a co-op back in 2005. It has been on a takeover frenzy ever since spending loads of $$$, lets see if it pays off in the future ..