EU reveals probe into Oracle's bid

September 3, 2009
The Oracle logo is displayed on the company's world headquarters in Redwood Shores, California. Business software giant Oracle's 7.4-billion-dollar bid for Sun Microsystems is under investigation under EU merger regulations, the European Commission announced.

Business software giant Oracle's 7.4-billion-dollar bid for Sun Microsystems is under investigation under EU merger regulations, the European Commission announced on Thursday.

Brussels "has to examine very carefully the effects on competition in Europe when the world's leading proprietary database company proposes to take over the world's leading open source database company," Competition Commissioner Neelie Kroes said.

The deal for Sun, a one-time star and the developer of the popular Java programming language, was approved by Sun shareholder in July and the US Department of Justice in August, but is now on hold until the EU reports again in late-January.

The takeover in terms of euros is worth 5.17 billion euros.

(c) 2009 AFP

Explore further: IBM cuts Sun takeover price: WSJ

Related Stories

IBM cuts Sun takeover price: WSJ

April 2, 2009

IBM has cut the price of its takeover bid for Sun Microsystems Inc. to nine to 10 dollars a share from 10 to 11 dollars a share, The Wall Street Journal online reported on Thursday.

Software giant Oracle buys Java whizz Sun

April 20, 2009

Business software giant Oracle announced Monday it was buying Sun Microsystems and its Java programming language for 7.4 billion dollars after IBM abandoned its bid for the struggling tech company.

Oracle tops forecasts despite sales, profit dip

June 23, 2009

(AP) -- Software maker Oracle Corp.'s results topped Wall Street's forecast for the latest quarter Tuesday, despite a 5 percent drop in sales and a 7 percent decline in profit.

EU defends action against Intel after report leaked

August 8, 2009

The EU Commission on Saturday defended its record-busting anti-trust action against Intel, following a report that it missed evidence which could have boosted the US computer chip giant's case.

Oracle says Justice Dept allows $7.4B Sun deal

August 20, 2009

(AP) -- Business software maker Oracle Corp. said Thursday it has received the Justice Department's approval to move forward with its $7.4 billion acquisition of former dot-com-era star Sun Microsystems Inc.

Sun's server share hit as antitrust scrutiny looms

September 2, 2009

(AP) -- Uncertainty about Sun Microsystems Inc.'s future appears to have contributed to serious erosion in the company's market share for computer servers in the latest quarter, according to new data being released Wednesday.

Recommended for you

On soft ground? Tread lightly to stay fast

October 8, 2015

These findings, reported today, Friday 9th October, in the journal Bioinspiration & Biomechanics, offer a new insight into how animals respond to different terrain, and how robots can learn from them.

University team's robot inspired by jumping spider

October 8, 2015

Special insights and observations about how animals move, handle danger and preserve energy are not only interesting but valuable to scientists in the field of robotics. One such contribution of animal-like robotic movement ...

AI machine achieves IQ test score of young child

October 6, 2015

Some people might find it enough reason to worry; others, enough reason to be upbeat about what we can achieve in computer science; all await the next chapters in artificial intelligence to see what more a machine can do ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.