Uncertainty Over EC Approval For Oracle – Sun Deal Continues
Bloomberg is reporting that Oracle will probably win approval from European regulators to acquire Sun Microsystems Inc. today, clearing the transaction’s final obstacle. However Reuters reported yesterday that the EC could delay Oracle-Sun deal-sources due to fears about Oracle getting MySQL database hurting the competition.
A decision to proceed to additional review would be a major hit as it could last up to four months and potentially push closure into the beginning of 2010.
The European Commission has opened an antitrust investigation into Oracle Corp.’s $7.4 billion acquisition of Sun Microsystems Inc., dealing a blow to Oracle’s efforts to keep Sun customers who are increasingly being wooed by rival technology companies.
The European Commission has opened an antitrust investigation into Oracle Corp.’s $7.4 billion acquisition of Sun Microsystems Inc., dealing a blow to Oracle’s efforts to keep Sun customers who are increasingly being wooed by rival technology companies.