Author Topic: DOJ Gives Oracle Approval To Buy Sun  (Read 2250 times)

Mike

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DOJ Gives Oracle Approval To Buy Sun
« on: August 23, 2009, 10:49:35 PM »
The BBC is reporting that the US Justice Department has approved Oracle's takeover of Sun Microsystems.

The acquisition gives Oracle control over (or a leading role in), among other things, Java, MySQL, (Open) Solaris, ZFS, OpenOffice, and the NetBeans IDE.

'The European Commission has still to rule on the deal, a step that will be required before it can close.That body has indicated it will issue an initial opinion on Sept. 3,according to the Wall Street Journal.

It may OK the deal at that time or launch a four-month probe of it. ... The Justice Department ruling came earlier than expected, a possible response to Sun's declining revenues and precarious business position in a steep recession, as the required reviews proceeded.'

The deal was widely discussed back when it was announced in April.