EU Says "No" to Oracle's Acquisition of Sun
EU Says "No" to Oracle's Acquisition of Sun
The European Commission has officially objected to Oracle's $7.4bn acquisition of Sun. According to an IT Security and Exchange Commission filing from Sun, the EU has presented the IT companies with a statement of objections to the proposed deal."The Statement of Objections sets out the Commission's preliminary assessment regarding, and is limited to, the combination of Sun's open source MySQL database product with Oracle's enterprise database products and its potential negative effects on competition in the market for database products," says Sun in the filing.
Oracle immediately fired back at the EC, claiming the decision "reveals a profound misunderstanding of both data competition and open-source dynamics.
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