Friday, August 21, 2009
Oracle has finally won clearance from the US Department of Justice for its USD7.4 billion purchase of Sun Microsystems. Oracle had originally hoped to the close the deal quickly, but hit a stumbling block when the DoJ failed to give its approval at the end of an initial investigation. Oracle attributed the delay to scrutiny of the licensing arrangements surrounding Sun's Java programming language and software development tools. The deal is still awaiting approval from the European Commission, which has set a deadline of 3 September for completion of its own review.
By: DocMemory
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