Oracle, Sun deal likely to close by 31 Aug

While Oracle has failed to win U.S. fast-track approval for the Oracle РSun deal,  Oracle lawyers expect the deal to close by 31 Aug.

“The deal will be notified to the European Commission this month,” the source told Reuters.

Oracle failed last month to win fast-track approval from U.S. antitrust regulators, who wanted more information on Java licensing rights.

“Information on Java licensing rights will be included in the EU notification,” the source said.

Sun’s Java software is one of the world’s most widely used computer languages. Oracle CEO Larry Ellison has said he wants to tweak Java software so that it is easier to use on smartphones and netbook computers.

A lawyer for Oracle said last month he expected the company soon to win U.S. antitrust approval and to close its purchase of Sun by Aug. 31…

src- reuters

Click for a review of Oracle Impact On Java, Solaris, MySQL, NetBeans &Sun Open Source.

The following two tabs change content below.
Content Team

Content Team

The IndicThreads Content Team posts news about the latest and greatest in software development as well as content from IndicThreads' conferences and events. Track us social media @IndicThreads. Stay tuned!
Content Team

Content Team

The IndicThreads Content Team posts news about the latest and greatest in software development as well as content from IndicThreads' conferences and events. Track us social media @IndicThreads. Stay tuned!

  • Harshad Oak

    Sun Microsystems stockholders at its special meeting voted in favor of the merger agreement with Oracle. The acquisition still faces antitrust scrutiny by the U.S. Department of Justice over one sticking point on Java licensing. But Oracle is confident the merger will be completed by the end of the summer.

  • Harshad Oak

    Sun Microsystems stockholders at its special meeting voted in favor of the merger agreement with Oracle. The acquisition still faces antitrust scrutiny by the U.S. Department of Justice over one sticking point on Java licensing. But Oracle is confident the merger will be completed by the end of the summer.