EU extends deadline for review of Oracle-Sun deal

EU extends deadline for review of Oracle-Sun deal

Summary: European regulators agree to extend the deadline for reviewing Oracle's acquisition of Sun, which was requested by Oracle.

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European regulators have agreed to extend the deadline to review Oracle's acquisition of Sun, giving Oracle some more time to develop arguments in reply to Europe's concerns, according to a Reuters report.

Earlier this month, the European Commission filed a Statement of Objections, a first step toward blocking the $7.4 billion deal, over concerns about MySQL. Oracle immediately fired back, issuing a statement that said European regulators have a "profound misunderstanding of both database competition and open source dynamics." The same day, the U.S. Department of Justice, which has already given its blessing to the deal, pretty much backed Oracle and offered reasons why the U.S. did not see the deal as anti-competitive.

Oracle has said that delays are becoming costly - to the tune of $100 million per month - and are further damaging the economies through job losses. Sun has had to put restructuring plans in place to stay alive while everyone waits for European approval, most recently by laying off 3,000 employees.

Oracle has said that Sun's customers “universally support this merger and do not benefit from the continued uncertainty and delay.” The company said evidence against the Commission’s position is overwhelming. and that it lacks any credible theory or evidence of competitive harm.

The deadline was extended by one week, to Jan. 27, 2010 from Jan. 19.

Also see: Oracle tries to stop Sun’s bleeding: Is it too late?

Topics: Data Management, Banking, Data Centers, Enterprise Software, Government, Government US, Open Source, Oracle, Software

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4 comments
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  • This is not a problem, just give EC their billions and they'll shut up...

    It's all about the money...
    transposeIT
    • My sentiments exactly

      My sentiments exactly. The EU needs to be relevant. The best way is to be a money machine.

      The EU has excelled in this role.
      Raid6
    • Well even if in not in accord with EC/EU are doing

      Im not so sure about the money thingy. I tend to believe that they are really concern about monopole and everything around it ....


      they are sovereign inside there border so they can do what they see fit .

      its maybe that EU/EC is a bit more trigger happy that everywhere else .

      look at intel case they jump on it month before NewYork state legislator choose to go after intel ?

      But i dont think that they are right in the case of oracle because MYSql is gpl2 and can be fork anytime by anyone ....

      It remain to be seen where this boat will go
      Quebec-french
      • Genuine concern? Monopolies?

        I cannot agree that there is any chance that there is genuine concern on the part of the EU. After all, look at the EU's track record on other issues that would govern exports to nations that stone women to death for holding a man's hand who she isn't married to (as an example).

        I yes, I understand and fully respect the sovereign status of other nation states as well as the socialistic utopia know as the EU.

        The perspective I use is my own, as an individual who is an American. There are plenty of American's who would embrace a more European'ish socialistic society - count me as one [b]NOT[/b] in favor of such an experiment but a lover of personal freedom and the free expression of ideas.

        I am exceedingly cynical about the EU simply because it is (to me) so clearly a power base for egotistical pin heads to play with and control the lives of others.

        Two ways to do that --- take people's money and control what people can do with their bodies. The EU is doing a fine job of both for all of its subjugates.
        Raid6