European Commission okays Oracle-Sun deal
The European Commission today gave its approval to the acquisition of Sun Microsystems by Oracle, ending nine months of uncertainty about the $7.4 billion deal.
In a published statement, the commission (which is the regulatory authority for the European Union) wrote that “the transaction would not significantly impede effective competition.”
The acquisition was announced in August 2009 and won approval of U.S. regulators in August, but the EC began investigating the deal in September after complaints from deal opponents that Oracle, a maker of commercial database management software, would stifle the MySQL open source database management software business within Sun.
The EC concluded that while MySQL is the largest open source database software product on the market, it is still small compared to the largest commercial providers ? Oracle, IBM and Microsoft ? which together control 85 percent of the database market, based on revenue. (more…)
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