Friday, January 22, 2010

Oracle Wins EU Support of Sun Acquisition

Oracle has won the EU's unconditional approval of its bid for Sun Microsystems. The EU has determined, after Oracle offered public pledges to sooth regulatory concerns, that the deal would not be a major barrier to competition in Europe.

Although there remains the risk that third parties will challenge the EU decision the deal has already received the U.S. Department of Justice's approval. China and Russia are still left to grant approval for the deal.

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