Oracle bid for Sun under EU scanner


“The European Commission has an obligation to ensure that customers would not face reduced choice or higher prices as a result of this takeover,” Competition Commissioner Neelie Kroes said in a statement. The Commission, competition watchdog of the EU, set a January 19, 2010 deadline for its decision, putting Oracle, months behind its original plan for closing the deal.

Oracle had on August 20 received the green light from the US Department of Justice for its takeover of Sun, developer of Java software, among the world’s most widely used computer languages. Christopher Thomas, a lawyer said the Commission’s in-depth probe showed it was more cautious than US.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry