Oracle wins US approval to buy Sun Microsystems

By :NEW YORK (Reuters) - Software giant Oracle Corp (ORCL.O) has won U.S. antitrust approval to buy comp
Date posted :2009-08-20 15:39:00

Oracle said on Thursday that the deal cleared the U.S. Justice Department with no restrictions. The takeover also requires approval by the European Commission.

U.S. officials in June said they wanted to scrutinize the deal over questions about Oracle's plans for licensing Sun's Java software, one of the world's most widely used computer languages. Since then, investors have been waiting to see how long that might delay the deal.

Analysts have said that the delay has worked to the advantage of Sun's two chief rivals in the server market, IBM (IBM.N) and Hewlett Packard Co (HPQ.N).

They have been courting Sun's customers during the past few months, trying to persuade them to change suppliers amid uncertainty about Oracle's plans for running the server business. Until Oracle closes the acquisition, it cannot say much about its strategy for Sun's hardware division.

Oracle has said it expects to close the deal by August 31.

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