facebook
twitter
rss
account
search
search
 

EC to examine Oracle purchase

Sept. 3, 2009 at 3:56 PM   |   Comments

BRUSSELS, Sept. 3 (UPI) -- The European Commission said it would investigate Oracle's $7.4 billion proposal to buy technology giant Sun Microsystems on antitrust concerns.

Oracle and Sun are both competitors in the global database market.

Neelie Kroes, the European commissioner for antitrust issues, said regulators would "very carefully examine" the deal that has approval from Sun shareholders and the U.S. Justice Department, The New York Times reported Thursday.

The deal was proposed in April. Oracle, the world's second largest software producer, approached Sun with intent to capture Sun's MySQL open-source database and Java software, the Times said.

Both are California companies. But the European regulators said Sun's "open source nature … might not eliminate fully the potential for anti-competitive effects."

Open-source refers to software development that is, in effect, public with an open or shared source code.

Topics: Neelie Kroes
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Deloitte: App downloads dwindle, 1 in 3 users disinterested
2
Oil spill reported in North Dakota
3
DNO committed to Kurdish oil
4
AESA radar integrated into new F-16V
5
Gas prices dropping, Energy Department says
Trending News
Video
x
Feedback