Beverly Hills 1/28/2010 12:07:19 AM
News / Business

Oracle Acquires Sun Microsystems in $7 Billion Deal

Financial World News Update by EQUITIES Magazine

In a move that will change the database and business-software giant, Oracle, into a hardware company as well, the company announced yesterday that its acquisition of Sun Microsystems was complete.

 

European antitrust regulators were initially concerned about the deal, especially of the open-source MySQL database software business that was part of Sun. That problem evaporated after the European Commission approved Oracle’s Sun acquisition plan on Jan 21.

 

The Sun acquisition means that Oracle is not a direct competitor to more companies.

 

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