Justice Department Clears Oracle-Sun Deal

Business News & Financial News (Aug 21 2009) Servers

1. Oracle Corp. said antirust regulators at the U.S. Department of Justice have cleared its $7.4 billion deal to buy Sun Microsystems Inc., removing a major hurdle for the transaction. Oracle, which makes databases and other software for large corporations, has said it hopes to close the deal this summer. European antitrust regulators are also looking at the deal. The European Commission must decide by Sept. 3 whether to clear the acquisition or launch a detailed investigation. (Read Full Article)

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