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    Wednesday, November 25, 2009

    EU Hearing Set for Dec. 10 on Oracle Sun Deal

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    By Darryl R. Isherwood
    FOXBusiness
       

      European Union regulators have set Dec. 10 for the review of the proposed $7 billion purchase of Sun Microsystems Inc.(JAVA) by Oracle (ORCL), Reuters reported.

      The European Commission has objected to the deal, saying the combination of the two firms database products could thwart competition in the database market, a regulatory filing by Sun showed.

      Last week, the commission extended the deadline for reviewing the plan to Jan. 27 after Oracle sought more time to make its case that the deal is not anti-competitive.

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