The Apache Software Foundation Receives Approval for Sale to Oracle Corporation

[omidp]

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."

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.

https://blogs.apache.org/foundation/entry/the_apache_software_foundation_receives