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European Commission objects to Sun-Oracle deal

Nov 10, 2009 8:04 AM | By Reuters

The European Commission objected to software company Oracle Corp’s acquisition of computer maker Sun Microsystems Inc, citing a threat to competition, bringing the $7 billion deal into question.


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The Commission said on Monday that a combination of Sun’s MySQL database product and Oracle’s products could hurt competition in the database market, Sun revealed in a filing with the US Securities and Exchange Commission.

Oracle said the Commission’s objection “reveals a profound misunderstanding” and that it “plans to vigorously oppose the Commission’s Statement of Objections”.

Oracle Chief Executive Larry Ellison recently said Sun is losing about $100 million a month because of uncertainty about its future, as European antitrust regulators pursue an in-depth investigation of the deal.

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