Author Topic: Oracle Fights EU Objections to Its Sun Bid  (Read 2079 times)

Mike

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Oracle Fights EU Objections to Its Sun Bid
« on: December 13, 2009, 10:39:43 AM »
Oracle Fights EU Objections to Its Sun Bid

BRUSSELS—Oracle Corp. is digging in against the European Union's objections to its bid for Sun Microsystems Inc.

In a closed-door hearing that began Thursday and is to continue Friday, and in legal papers that haven't been made public, the U.S.-based database giant is mounting a broad attack on the EU's proposition that Sun's MySQL is an important competitive force in the database industry that market-leader Oracle shouldn't be allowed to own.

Oracle contends that the EU's executive arm, the European Commission, misrepresented the opinions of database users and gave a"distorted view" of the market by "selectively" quoting from surveys as it put together its case.

U.S. authorities have cleared the $7.4 billion bid, but the EU's concerns have delayed it.

Complaints that the EU is selective in its use of evidence are common fare from companies that find themselves in the regulator's crosshairs. Recently, Intel Corp. claimed the EU ignored exculpatory material in its antitrust finding and €1.06 billion ($1.56 billion)fine against the chip maker.

Full Story: http://online.wsj.com/article/SB10001424052748704193004574588112464008166.html