December 14, 2009 / 7:26 AM / 9 years ago

RPT-EU sees satisfactory outcome for Oracle/Sun deal

(Repeats to additional Reuters clients)

BRUSSELS, Dec 14 (Reuters) - EU regulators said on Monday that their review of Oracle’s ORCL.O plan to buy Sun Microsystems JAVA.O will have a “satisfactory” result after the U.S. software company unveiled measures to ease competition concerns.

“Competition Commissioner Neelie Kroes ... is optimistic that the case will have a satisfactory outcome, while ensuring that the transaction will not have an adverse impact on effective competition in the European database market,” the European Commission said in a statement.

Oracle announced its proposals earlier on Monday. [ID:nSGE5BD0BH]

The European Commission had objected to Oracle’s $7 billion bid for Sun, saying the purchase may limit competition in the database market. (Reporting by Foo Yun Chee)

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