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Announcement regarding possible offer

investors.mariadb.com

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Re: Announcement regarding possible offer

#51

Post by altairprime »

capableweb wrote: post #2

Hah, so MariaDB was created because the creator of MySQL got pissed about the acquisition by Sun/Oracle, and now MariaDB might be acquired as well? Making bank while forking their project over and over isn't a bad way to make a living it seems.

Receiving an unsolicited offer compels them to publish this notice, and by their declaration they were not seeking that offer (“unsolicited”).

Technically, I think anyone can make an offer on any company operating in their legal jurisdiction, and that would compel the company receiving the offer to publish an equivalent press release.

I don’t blame them for having nothing to add at this time other than “here is the legally required declaration, please wait”. Even a flat refusal takes time to prepare, in order to meet all the necessary legal forms.

(This is not legal advice, please consult a legal professional regarding the validity of these statements in your jurisdiction(s), etc.)

Re: Announcement regarding possible offer

#52

Post by skrause »

foota wrote: post #33
runako wrote: post #18

Earlier quoted context omitted.

It's trading at a market cap of around $31 million, which is below even its revenue. Could make sense to buy it, improve operating metrics, and then flip it. (Or buy it, make it profitable, and earn a return that way.)

I'm surprised the employees aren't making a buy out offer at this point. I'd love to own a reasonable fraction of the company I work for at that sort of price and would happily throw in some of my savings.

Pumping my savings into a struggling company so that when it eventually fails I'm not only unemployed but also out of savings? That's a concentration risk I wouldn't want to have if I were a MariaDB employee.

Re: Announcement regarding possible offer

#54

Post by seszett »

petercooper wrote: post #29
asddubs wrote: post #21

Earlier quoted context omitted.

well, does monty have a third child? if not, there probably won't be a fork

He does (My, Maria and Max) but the name is already used for a database: https://en.wikipedia.org/wiki/MaxDB

The name of MaxDB already comes from Monty's son Max.

Re: Announcement regarding possible offer

#55

Post by Waterluvian »

capableweb wrote: post #2

Hah, so MariaDB was created because the creator of MySQL got pissed about the acquisition by Sun/Oracle, and now MariaDB might be acquired as well? Making bank while forking their project over and over isn't a bad way to make a living it seems.

I would never fault anyone for cashing in and walking away when offered a life-changing sum. Life is too short.

Re: Announcement regarding possible offer

#56

Post by m463 »

Waterluvian wrote: post #55
capableweb wrote: post #2

Hah, so MariaDB was created because the creator of MySQL got pissed about the acquisition by Sun/Oracle, and now MariaDB might be acquired as well? Making bank while forking their project over and over isn't a bad way to make a living it seems.

I would never fault anyone for cashing in and walking away when offered a life-changing sum. Life is too short.

contesting a will, divorce, police corruption, golden parachute, etc..

Re: Announcement regarding possible offer

#57

Post by swores »

bitdivision wrote: post #34
throwawayllaq wrote: post #30

Earlier quoted context omitted.

This is MariaDB, a MySQL fork.

OP is mentioning Postgres as a counterpoint.

The way they wrote a full sentence, that seems to be about Postgres, before introducing the word "Postgres" in the second sentence, does make it appear like they were confused and thought this thread was about that. (As the other logical reading would be that the first sentence is complimenting MariaDB before switching tack for sentence two. What they needed to do to not cause the confusion was to start with "Meanwhile, Postgres just gets...")

Re: Announcement regarding possible offer

#58

Post by hardwaresofton »

reocha wrote: post #28
cultofmetatron wrote: post #11

Just gets better every year without drama or fanfare. the postgres devs are really unsung heroes in the developer community.

Agreed, Postgres is a no-brainier for most (either low capital startups or open source) db applications

You’d think, but people certainly still choose MySQL these days, and without a really serious reason to other than familiarity.

By all means, use what you’re comfortable with but not having stuff like transactional DDL feels backwards at this point.

Re: Announcement regarding possible offer

#59

Post by robocat »

skrause wrote: post #52
foota wrote: post #33

Earlier quoted context omitted.

I'm surprised the employees aren't making a buy out offer at this point. I'd love to own a reasonable fraction of the company I work for at that sort of price and would happily throw in some of my savings.

Pumping my savings into a struggling company so that when it eventually fails I'm not only unemployed but also out of savings? That's a concentration risk I wouldn't want to have if I were a MariaDB employee.

And yet it is a concentration risk that most founders choose.

Founder's investment to start bootstrapped is often opportunity cost of time (years of work instead of earning salary). Maybe some cash invested too.

Or with VC, after years of work a founder's biggest asset is the common shares that are worth $0 if company folds.

Re: Announcement regarding possible offer

#60

Post by thayne »

actionfromafar wrote: post #9
solardev wrote: post #5

Earlier quoted context omitted.

Is it more that they're against acquisitions in general, or specifically an acquisition by Oracle, widely considered one of the eviler tech companies?

Just short of a hundred million dollars against it, in that case. :-) Edit: my bad - Sun acquired it, not Oracle. Made me all sad for Suns demise again.

IIRC MariaDB was forked when Oracle acquired Sun not when Sun acquired MySQL.
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