DOJ Clears Oracle-Sun Deal
The Justice Department’s extended antitrust review of Oracle’s proposed acquisition of Sun apparently turned up few issues of concern. Oracle said this afternoon that regulators have approved the $7.4 billion deal with no restrictions.
Sun’s (JAVA) shareholders voted to accept Oracle’s (ORCL) offer in mid-July, so all that stands in the way of the deal’s completion is the European Commission. And the EC is set to vote on the merger on Sept. 3.
