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The European Commission is close to issuing a formal objection to Oracle’s acquisition of Sun Microsystems, the Financial Times reported on Tuesday. Full Article at CNBC
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Citing a person close to the process, the Financial Times reports that the database giant is bracing for a formal rejection by the European Commission. Full Article at The Street
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Oracle is bracing for a formal objection from the EU to its planned deal for Sun, escalating the company's legal wrangle with Europe's competition authorities, The Financial Times reported late Tuesday. Full Article at The Street
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SAN FRANCISCO (MarketWatch) -- The European Commission is close to issuing an official statement of objections to Oracle Corp.'s planned acquisition of Sun Microsystems Inc. , according to a report published Tuesday. Full Article at MarketWatch
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SAN FRANCISCO (MarketWatch) -- The European Commission is close to issuing an official statement of objections to Oracle Corp.'s /quotes/comstock/15*!orcl/quotes/nls/orcl (ORCL 20.89, -0.20, -0.95%) planned acquisition of Sun Microsystems... Full Article at MarketWatch
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The fact that Sun scheduled its shareholders’ meeting in December implies the deal will be delayed at least that long
SOURCE: Bloomberg.com -
In fact, Oracle in a FAQ on its Web site [immediately after the Sun acquisition was announced on April 20] stated that MySQL was only going to be an 'addition' to its database product line. It didn't say anything about investing more until the EC came out and questioned this
SOURCE: eWeek -
I understand the European Union has a job to do, but the longer this takes, the more money Sun is going to lose and that's not good ... We want to get it done to save as many jobs as we can.
