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European Commission Approves Oracle-Sun Merger

Posted by CmdrTaco on from the chomp-chomp-chomp dept.

rubycodez writes "The anti-trust body of the EU, the European Commission, has approved Oracle's acquisition of Sun Microsystems, believing competition would be preserved. It saw PostgreSQL as a viable independent alternative to MySQL and that market access to Java would not be restricted. Uncertainty about Sun's future has cost over a billion dollars in lost sales in the past year."

1 of 144 comments (clear)

  1. Re:Rrrreally by Lunix+Nutcase · · Score: 5, Informative

    Okay.

    Oracle CEO Larry Ellison claims the European Commission’s prolonged investigation of Oracle’s proposed acquisition of Sun, which isn’t expected to finish much before the agency’s mid-January deadline, is costing Sun $100 million a month in revenues and a weakened revenue stream will impact how many employees Sun gets to keep if and when the acquisition is approved.

    And this isn't the only citation you can find.