Next stop: European Union regulators
By Ina Fried
Published: 21 August 2009 09:24 GMT
Oracle said on Thursday that the US Department of Justice has approved its plan to buy Sun Microsystems.
With Sun's shareholders having given the $9.50 per share deal the nod last month, the remaining major hurdle is approval from European antitrust regulators. Oracle declined to comment beyond a statement confirming the Justice Department's move.
The Department of Justice had said in June it needed more time to look into the deal but has now given its stamp of approval.
Oracle announced its $7.4bn bid for Sun back in April, following Sun's rejection of overtures from IBM. IBM was said to be still interested in Sun and somewhat blindsided by Oracle's move, a source told silicon.com sister site CNET News at the time.
The acquisition is part of a change in thinking for Oracle, which at one time eschewed mergers but has gone on a buying spree in recent years, gobbling up PeopleSoft and many other software companies.
Original article: Justice Dept. approves Oracle's Sun buy from CNET News.com
Senior Solution Manager (Bid/ Design/ Deal) Senior Solution Manager (Bid/ Sales Design) required to work for a leading consultancy based in London ...
The Unix Systems Administrator is responsible for the support and day-to-day operation of a range of server systems and Sun Microsystems ...
Our defence sector client is looking for a Security Cleared Unix Systems Administrator to be responsible for the operation and support of a range of ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Jon Collins Is losing a mobile device really such a big deal? How to minimise the damage to your business
Tim Ferguson Exclusive: Former MySQL boss Marten Mickos talks open source Why Microsoft could become one of the "biggest friends of open source" and why Oracle getting its hands on MySQL could be "one of the biggest open source coups ever"...