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Morgan Stanley to EU: Whatever Larry Wants, Larry Gets, and Sun Is No Exception

John Paczkowski in News on November 10, 2009 at 12:48 pm PT

For Oracle, whose acquisition of Peoplesoft and Siebel Systems cleared in Europe without conditions, news that the European Commission issued formal objections to its purchase of Sun was likely particularly galling. According to Oracle CEO Larry Ellison, Sun is already losing $100 million a month as it waits for regulatory approval, and judging from the price of the company’s stock today, it may be losing even more.