Yup. They rejected IBM's offer for 9.40 a share, but are accepting this one for 9.50 a share. After their stock plummeted for rejecting IBM, I suspect they didn't want to pull another Yahoo.
This is all interesting, but I think IBM may regret not getting this deal done. It seems "owning" Java gives Oracle some leverage over IBM as so much of their services business hinges on Java. The possibility of turn key solution stacks with hardware/Solaris/Oracle/business apps might give Oracle a chance to compete in IBM's markets, too, or at least reduce demand for IBM services. If you can get all that installed and supported from one vendor, you might need fewer service agreements from third party vendors like IBM.
