European Commission needs more time to examinate Oracle acquisition of Sun
By pierrot on Sep 04, 2009
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