European antitrust regulators to review Oracle-Sun deal

The European Commission will either approve the deal or open a more in-depth investigation

The European Commission plans to release its first opinion on Oracle's proposed acquisition of Sun Microsystems on Sept. 3.

The European Commission was notified about the deal on July 30, and it will now be looked at under the European Union Merger Regulation, according to a spokeswoman.

The Commission has an initial period of 25 working days to decide if it can clear the deal or if it needs to open a 90-day in-depth investigation, she said via e-mail.

Oracle announced in April that it planned to acquire Sun for about $US7.4 billion in cash, or $US9.50 per share.

The acquisition would reshape Oracle, turning it into a hardware and software vendor that can compete more intensely with IBM and Hewlett-Packard.

But it hasn't exactly been smooth sailing so far. The U.S. Department of Justice extended its review of the deal on June 26 over concerns about the way rights to Java are licensed.

Java is a software platform developed by Sun that can be used to develop and run applications on a wide variety of devices.

But at least one hurdle is out of the way. Sun shareholders voted on July 16 to approve the company's acquisition by Oracle, but not by a wide margin.

Shareholders holding about 62 percent of Sun's stock voted in favor of the deal at a special meeting at Sun's offices in Santa Clara, the company said at the time.

The European Commission, which is the E.U.'s executive and regulatory branch, has closely scrutinized U.S. technology companies this year.

It found Intel guilty of antitrust abuse in May and fined the company just over EUR1 billion ($US1.4 billion), the largest single antitrust fine it has ever meted out to a company. In January, the Commission also raised concerns in that Microsoft's practice of tying the Internet Explorer browser with Windows could be anticompetitive.

Join the PC World newsletter!

Error: Please check your email address.

Tags Oracle-Sun mergermergers & acquistionsantitrusteuropeeuropean commissionlegal

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Mikael Ricknäs

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?