Oracle, Sun deal to be filed to EU in July - source

Fri Jul 3, 2009 5:17am EDT
 
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BRUSSELS, July 3 (Reuters) - Oracle Corp's (ORCL.O) plan to buy computer maker Sun Microsystems (JAVA.O) will be notified to European Union antitrust authorities this month, a source familiar with the deal said on Friday.

Oracle, the world's No. 3 software maker, announced in April a $7 billion deal to buy Sun, the world's fourth-largest maker of server computers and also the developer of Java and Solaris software.

"The deal will be notified to the European Commission this month," the source told Reuters.

Oracle failed last month to win fast-track approval from U.S. antitrust regulators, who wanted more information on Java licensing rights.

"Information on Java licensing rights will be included in the EU notification," the source said.

A lawyer for Oracle said last month he expected the company soon to win U.S. antitrust approval and to close its purchase of Sun by Aug. 31.

The European Commission, which monitors mergers and takeovers in the 27-country European Union, has 25 working days to review such plans in the first phase. This can be extended to 90 working days if an in-depth investigation is required. (Reporting by Foo Yun Chee; Editing by Dale Hudson)

 

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