Oracle-Sun Deal, Europeans Prove Tougher Than U.S. Regulators
After the Justice Department's approval last month of software giant Oracle's $7.4 billion acquisition of Sun Microsystems, European regulators put up another obstacle to the merger. The European Commission said Thursday morning it launched an in-depth investigation into the merger to see whether Oracle was committed to developing Sun's rival open-source database software MySQL after the merger.
The European Commission's competition commissioner, Neelie Kroes, said in a release: "The Commission has to examine very carefully the effects on competition in Europe when the world's leading proprietary database company proposes to take over the world's leading open source database company. In particular, the Commission has an obligation to ensure that customers would not face reduced choice or higher prices as a result of this takeover.
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