Thursday, January 21, 2010

E.U. Gives Final Clearance to Oracle-Sun Deal -

It’s going to be a stark day of transition at the former Sun Microsystems today, and I expect Oracle’s acquisition team will be in high gear over the next few months, with the final Sun hurdle behind it

The European Commission said Thursday that it had approved the proposed $7.4 billion takeover of Sun Microsystems by Oracle, the U.S. software giant, because it would not significantly affect competition in the European Union.

“I am now satisfied that competition and innovation will be preserved on all the markets concerned,” the European competition commissioner, Neelie Kroes said in a statement. “Oracle's acquisition of Sun has the potential to revitalize important assets and create new and innovative products.”

E.U. Gives Final Clearance to Oracle-Sun Deal -

No comments: