Page last updated at 00:50 GMT, Tuesday, 10 November 2009

EU objects to Oracle bid for Sun

Sun Microsystems mouse and mouse-mat
Sun has suffered long-running financial problems

The European Commission (EC) has objected to Oracle's proposed takeover of Sun Microsystems, casting doubt on the $7.4bn (£4.4bn) deal.

The commission has issued a preliminary assessment raising concerns that the takeover could hurt competition in the computer database market.

Oracle said that it would "vigorously oppose" the EC objections.

The deal between business software firm Oracle and hardware and software maker Sun was first announced in April.

Last month, Sun said it would cut 3,000 jobs over the next year.

They are the latest in a series of cuts to be made by the firm, which has suffered prolonged financial woes.

Oracle maintains that there would be no conflict of interest and has promised not to sell off MySQL to get the deal approved.

It is looking to strengthen its position against IBM, which abandoned its own attempts to buy Sun earlier this year.



Print Sponsor


SEE ALSO
EU warns Oracle over Sun takeover
21 Oct 09 |  Business
Sun to cut 3,000 jobs amid probe
20 Oct 09 |  Business
EU probe 'costing Sun millions'
22 Sep 09 |  Business
EU to probe Oracle's Sun takeover
03 Sep 09 |  Business
Oracle gets go-ahead to buy Sun
21 Aug 09 |  Business
Oracle in $7.4bn deal to buy Sun
20 Apr 09 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific