Thursday, January 21, 2010

EU Clears Oracle to Buy Sun Microsystems

The Wall Street Journal is reporting:

BRUSSELS—After a drawn out investigation, the European Commission on Thursday unconditionally cleared U.S. software giant Oracle Corp.'s move to take over smaller rival Sun Microsystems Inc. for $7.4 billion.

"I am now satisfied that competition and innovation will be preserved on all the markets concerned," Competition Commissioner Neelie Kroes said. "Oracle's acquisition of Sun has the potential to revitalize important assets and create new and innovative products," she added.
See the entire story here.