EU reveals probe into Oracle's bid

Sep 03, 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: Google hits back at rivals with futuristic HQ plan

add to favorites email to friend print save as pdf

Related Stories

Oracle says Justice Dept allows $7.4B Sun deal

Aug 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.

Software giant Oracle buys Java whizz Sun

Apr 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.

IBM cuts Sun takeover price: WSJ

Apr 02, 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.

EU defends action against Intel after report leaked

Aug 08, 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 tops forecasts despite sales, profit dip

Jun 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.

Sun's server share hit as antitrust scrutiny looms

Sep 02, 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

Google hits back at rivals with futuristic HQ plan

15 hours ago

Google unveiled plans Friday for a new campus headquarters integrating wildlife and sweeping waterways, aiming to make a big statement in Silicon Valley—which is already seeing ambitious projects from Apple ...

Ericsson sues Apple over patent violations

23 hours ago

Swedish telecoms group Ericsson announced Friday a lawsuit against Apple claiming that the US tech giant continued to use its technology in iPhones and other wireless devices after refusing to renew a licencing ...

Stock market shrugs off net neutrality vote

Feb 27, 2015

(AP)—The stock market largely shrugged off the Federal Communications Commission's vote to impose tougher rules on broadband providers like Comcast, Verizon and AT&T to prevent them from creating paid fast lanes for the ...

Judge orders suspension of WhatsApp in Brazil

Feb 26, 2015

(AP)—A judge says he has ordered the suspension of the globally popular instant messaging system WhatsApp across Brazil because it has allegedly failed to help in an investigation.

User comments : 0

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.