Aug
20
2009
Oracle’s US$7.4 billion buyout of Sun Microsystems wins Justice Department approval
Posted by: Dedicated Servers in Uncategorized, tags: Antitrust Officials, Department Of Justice, Early September, European Officials, European Union, Justice Department Approval, Legal Experts, Moving, Oracle, Oracle 7, Regulators, Sun Microsystems, Us Department Of Justice, WinsMoving more quickly than some analysts and legal experts had predicted, US regulators have approved Oracle’s plan to acquire Sun Microsystems in a US$7.4 billion deal that would create a powerful new force in the market for data centre equipment and software.
The deal still requires approval from antitrust officials of the European Union. But the action by the US Department of Justice, disclosed by Oracle on Thursday, is a major step toward completion of the purchase. European officials have said they will decide by early September whether to approve the deal or launch a more extensive investigation.
Source: iStock Analyst
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