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Oracle with support of US antitrust authorities rejects European Union objection to proposed $7.4bn acquisition of Sun Microsystems

Oracle, the US database systems giant on Monday confirmed that it had received an official objection from European Union (EU) competition authorities to its proposed $7.4bn acquisition of Sun Microsystems - - a producer of the widely used Java software. Full Article at FinFacts

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  1. Nov. 10 (Bloomberg) -- Oracle Corp. , the world’s biggest database software maker, was told by European Union regulators that its $7.4 billion purchase of Sun Microsystems Inc. may break antitrust rules even though the U.S. approved the deal. Full Article at Bloomberg.com

  2. ONCE every few years, it seems, the European Commission likes to flex its muscles by going head to head with the toughest, most uncompromising American chief executive it can find. Full Article at Economist

  3. IDG News Service - The European Commission on Monday issued its formal "statement of objections" over Oracle's planned acquisition of Sun Microsystems, saying the deal would harm competition in the database market. Full Article at ComputerWorld

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  1. OAKLAND, CA - NOVEMBER 20:  Monta Ellis #8 of the Golden State Warriors scrambles for the ball with Andre Miller #24 of the Portland Trail Blazers during an NBA game at Oracle Arena on November 20, 2009 in Oakland, California.
  2. OAKLAND, CA - NOVEMBER 06:  Eric Gordon #10 of the Los Angeles Clippers shoots the ball during their game against the Golden State Warriors at Oracle Arena on November 6, 2009 in Oakland, California.
  3. A mastless BMW Oracle trimaran is pushed toward its docking space in San Diego after its mast broke during testing Tuesday, Nov. 3, 2009. The mast is estimated to have cost $10 million.
  4. OAKLAND, CA - OCTOBER 28:  Trevor Ariza #1 of the Houston Rockets goes up for a shot while defended by Andris Biedrins #15 of the Golden State Warriors at Oracle Arena on October 28, 2009 in Oakland, California.
  5. SAN FRANCISCO - OCTOBER 13:  Dell Chairman and CEO Michael Dell speaks during a keynote address at the 2009 Oracle Open World conference October 13, 2009 in San Francisco, California. The 2009 Oracle Open World confrence runs through October 15.
  6. SAN FRANCISCO - OCTOBER 08:  Team Oracle stunt pilot Sean Tucker flies upside down as he passes the Richmond San Rafael Bridge ahead of his Fleet Week performance October 8, 2009 in San Francisco, California.
  7. European Commission President Jose Manuel Barroso answers questions from members of the European Parliament during "Question Time" for the European Commission's President debate at the European Parliament in Strasbourg November 24, 2009.
  8. STOCKHOLM, SWEDEN - NOVEMBER 18:    Russian President Dmitry Medvedev (2nd L) speaks beside European Commission President Jose Manuel Barroso (L), Swedish Prime Minister Fredrik Reinfeldt (2nd R) and EU Foreign Policy Representative Javier Solana during a press conference  on November 18, 2009 in...
  9. WASHINGTON - NOVEMBER 3:   (L-R) European Council High Representative Javier Solana ,Prime Minister of Sweden Fredrik Reinfeldt, President Barack Obama and President of the European Commission Jose Manuel Barroso participate in the U.S.-European Union Summit in the Cabinet Room at the White House...

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