Print Edition
August 2010 
|
|
|
|
|
|
|
EU Could Stall Oracle’s Sun Capture |
« Back
|
|
Muazzin Mehrban, September 2009 |
|
|
|
(03 September 2009)
European regulators could further delay the closure of the much publicised $5.6bn deal between Sun Microsystems and buyers Oracle. A Reuters report says that the European Union (EU) antitrust body is still considering whether to approve the deal before the 3 September deadline.
Regulators in Europe have proven to be a stumbling block for US companies and their lawyers in the past, notably those desperate to fast track deals and side-step investigations.
A decision to not automatically approve the deal could lead to a review process that may last up to four months, depending on the depth of the investigations carried out.
According to some sources, the transaction has already missed one deadline, which has resulted in some executives missing out on a planned stock allocation.
US regulators cleared the deal last month, after initial concerns regarding the way Sun’s Java software tool was licensed were satisfied.
|
|
|
|
|
= requires subscription
