European Commission needs more time to examinate Oracle acquisition of Sun

Here are some fresh news regarding Sun acquisition by Oracle:

The European Commission has decided to seek more information regarding Oracle's acquisition of Sun Microsystems by conducting a Phase Two inquiry. The U.S. Department of Justice approved Oracle's proposed acquisition of Sun Microsystems without conditions and terminated the waiting period under the Hart-Scott-Rodino Act on August 20, 2009. Sun's stockholders approved the transaction on July 16, 2009. Closing of the transaction is subject to certain conditions, including clearance by the European Commission.

See this page on Oracle side http://www.oracle.com/us/corporate/press/032542

Comments:

The link seems to be broken...

Posted by Thommy M. on September 04, 2009 at 03:52 AM CEST #

Thanks for notice, fixed, there were an extra coma.

BTW, I've seen there http://www.itpro.co.uk/614683/updated-european-commission-delays-oracle-sun-deal that "the decision will not be announced until 19 January 2010 which puts the deal months behind schedule." That's a looooong way to go...

Posted by Pierre-Antoine Berreur on September 04, 2009 at 04:04 AM CEST #

This is a very strange move by a EU bureaucrat, making us that use Sun equipment in our outsourcing business even more unsecure about Sun. I hope there will be an absolute clear statement from Oracle on the future of Sun HW really soon.

Posted by Thommy M. Malmström on September 04, 2009 at 04:17 AM CEST #

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