Oracle to Meet with EU on Dec. 10th
EU Antitrust Chief Vacating Post on Jan. 26th
Dec. 10 is the day Oracle will be presenting its case to European Union regulators on why it should be allowed to acquire Sun. The European Commission has objected to the $7 billion deal, saying the combination of Sun’s MySQL database product and Oracle’s products could hinder competition in the database market. This ruling has met with opposition from a variety of sources and galvanized letter writing campaigns urging the EU to reconsider its stance. The EC also announced on Nov. 30 that Neelie Kroes, the commission’s competition commissioner for the last five years, will be assigned to a new job. Kroes has been in charge of the investigation into Oracle’s proposed purchase of Sun.
Tags: acquisition, anticompetition, antitrust, buyout, EC, EU, European Commission, European Union, Jaspersoft, Joaquin Almunia, Marten Mickos, merger, MySQL, Neelie Kroes, OAUG, Oracle Applications Users Group, regulators, Statement of Objections