Oracle wins unconditional EU approval for Sun buy
Brussels: US software company Oracle won unconditional European Union regulatory approval on Thursday for its $7 billion acquisition of computer maker Sun Microsystems.
World No. 2 business software maker Oracle had in August last year received the green light from the U.S. Department of Justice for its takeover of Sun, developer of Java software, among the world`s most widely used computer languages.
The European Commission started an in-depth investigation of the deal in September, citing concerns about the competition impact on Sun`s MySQL database.
"I am now satisfied that competition and innovation will be preserved on all the markets concerned. Oracle`s acquisition of Sun has the potential to revitalize important assets and create new and innovative products," EU Competition Commissioner Neelie Kroes said in a statement.
More from India
More from World
More from Sports
More from Entertaiment
- PM Narendra Modi's speech at Heart of Asia conference
- Is population control next on central govt's agenda after demonetization?
- Gujarat: Goods train engine catches fire in Surat
- India-Afghanistan thrash Pakistan over terrorism issue in Heart of Asia conference
- Watch: Tracing the journey of Tamil Nadu CM Jayalalithaa from films to politics
- RIP Amma: Jayalalithaa dies after 75 days in hospital; Tamil Nadu mourns
- Fake or Real? 'Alien animal' caught on Karnataka-Kerala border
- People want to know whether Jayalalithaa is alive or not; PM Narendra Modi must intervene, says expelled AIADMK MP Sasikala Pushpa
- Tamil Nadu CM Jayalalithaa's condition continues to remain critical after suffering cardiac arrest
- I-T department rejects declaration of Rs 2,00,000 crore made under IDS by Mumbai family