dcsimg

EU Regulators to Further Consider Oracle-Sun Acquisition

SHARE
Share it on Twitter  
Share it on Facebook  
Share it on Linked in  
Email  

The European Union's Competition Commissioner is optimistic that European Commission will reach "a satisfactory outcome" and ultimately approve Oracle's acquisition of Sun Microsystems, Reuters reported Wednesday. Neelie Kroes made the comments in anticipation of a two-day hearing on the matter, which is slated to begin Thursday.

 

Oracle announced its acquisition of Sun Microsystems in April, and the U.S. Department of Justice approved the deal in August after an extended review of possible antitrust issues raised by the combination of Sun's MySQL database with Oracle's database products.

 

Unfortunately, progress toward closing the deal stopped last month when the European Commission formally objected, citing competition concerns. At that time, the EC indicated it was concerned about the negative effects the deal could have on the database market in Europe..

 

Reuters says Oracle has until Dec. 14 to submit remedies for the commission's concerns.

NewsletterITBUSINESSEDGE DAILY NEWSLETTER

SUBSCRIBE TO OUR DAILY EDGE NEWSLETTERS