Feeds

Oracle's Sun acquisition passes US anti-trust test

Wanting closure

High performance access to file storage

The $5.6bn takeover of Sun Microsystems by Oracle moved another step toward closing as the US Department of Justice has given the acquisition its nod.

Specifically, the DoJ terminated the waiting period under the Hart-Scott-Rodino Act, according to a terse statement from Oracle, which reminded everyone that Sun's shareholders approved the deal on July 16 and that the closing of the transaction "is subject to certain conditions, including clearance by the European Commission."

Oracle had hoped to have closed the Sun acquisition by now, but it has been delayed by antitrust authorities in the US and Europe who were apparently concerned with Oracle's steerage of Java, the licensing of Java technology, and the prices it would charge.

The DoJ never publicly discussed what its concerns were, but as previously reported in El Reg, the word on the street was that the DoJ stalled the deal to find out more about how Oracle would handle licensing of Java software technologies. Back at the end of June, Oracle's counsel, Dan Wall, of Latham and Watkins, said that this was "one narrow issue" and that Java rights licensing "is never going to get in the way of the deal."

Two weeks ago, the antitrust authorities at the European Commission launched their own investigation into the Sun takeover. The Competition Commission said that it would examine the Oracle-Sun deal under the EU Merger Regulation and said it has 25 days (starting from July 30) to decide if it can clear the deal or open up a more in-depth investigation that takes 90 working days. The current deadline for a decision by the EU is September 3, but as we pointed out above, that can be extended. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.