| Author (Person) | Tait, Nikki, Waters, Richard |
|---|---|
| Series Title | Financial Times |
| Series Details | 4.9.09 |
| Publication Date | 04/09/2009 |
| Content Type | News |
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Oracle’s $7.4bn acquisition of Sun Microsystems hit an unexpected and potentially damaging obstacle in Brussels, September 2009, as the European Commission opted to break with Washington in order to scrutinise the deal more closely. In August 2009 the US Justice Department gave its approval to the deal, agreed between the two firms in April 2009. The European Commission has opened an in-depth investigation under the EU Merger Regulation into the planned acquisition. The Commission’s initial market investigation indicated that the proposed acquisition would raise serious doubts as to its compatibility with the Single Market because of competition concerns on the market for databases. The decision to open an in-depth inquiry does not prejudge the final result of the investigation. The Commission has 90 working days, until 19 January 2010, to take a final decision on whether the concentration would significantly impede effective competition within the European Economic Area (EEA) or a substantial part of it. |
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| Subject Categories | Internal Markets |
| Countries / Regions | Europe |
| Record URL | https://www.europeansources.info/record/?p=256668 |
