> Given Oracle's recent activities
What do you mean? Sure, Oracle is an aggressive company, but they are clearly doing business, and not a non-practicing patent troll. Even in suing Google over Java in Android, they not only use Java but are the center of its development. Sun itself sued [Microsoft] over Java.
This acquisition makes sense to them, since linux is a key part of their vertical offering. If no one else can offer it (because patented), it makes even more sense.
I agree that their IP department would analyze the patent for value in other areas - but how could that be the "real prize", when its final form and very existence is unknown?
That said, hot swapping code has been around for a while e.g. a PhD supervisor of mine had another student working in it around 2005, and these are dated 2009. They might very well have a new technique, applied in a specific area, but would be necessarily limited by prior art.
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QUESTION: how much value would this patent application be worth as part of this acquisition?
Clearly, it depends on the base value of the company; the contribution of the technology (e.g. acquisitions also acquire customers and talent); the competitive advantage of blocking it (e.g. do customers care about this - is it an important factor in purchasing decisions?); how well this patent blocks it; and how likely it is to be granted in a useful form.