Twitter linkLinkedin link

Justice Dept OK's Sun deal

Justice Dept OK's Sun deal
Submitted by Group Admin on 20 August, 2009 - 20:00.

Justice Dept OK's Sun deal

By JORDAN ROBERTSON, AP Technology Writer - Thu Aug 20, 2009

Business software maker Oracle Corp. said Thursday it has received the Justice Department's approval to move forward with its $7.4 billion acquisition of former dot-com-era star Sun Microsystems Inc.

The deal still needs to get the go-ahead from the European Commission.

Clearance by the Justice Department had been held up over questions about the licensing of Java, a programming language that Sun invented that now runs on more than 7 billion electronic devices around the world, including cell phones and personal computers.

Sun's shareholders approved the deal in July.

To read the full article click here


© Copyright. Mere B.I.S. Ltd. UKOCN is not affiliated to Oracle Corporation. To visit Oracle Corporation go to www.oracle.com