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EU antitrust authorities formally object to Oracle's (ORCL) proposed $7.4B takeover of Sun...

  • Tuesday, November 10, 2009, 8:14 AM ET
    EU antitrust authorities formally object to Oracle's (ORCL) proposed $7.4B takeover of Sun Microsystems (JAVA) on concerns Oracle ownership of Sun's MySQL database software would reduce competition. The move doesn't necessarily mean the EU will reject the deal, but should delay the process.
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    As Sun gets clobbered because it is in limbo, the bureaucrats debate. Sun needs this deal. They lost $120M last quarter, at least partly due to the holdup in this deal. Perhaps the EU authorities would like to see them go out of business. Then they definitely wouldn't have an antitrust issue. However, MySQL would probably be a lot more dead than it would be after a Sun merger with Oracle.
    10 Nov 2009, 08:23 AM Reply Like
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