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Oracle-Sun Micro Deal May Be Rejected by EU: Report
Published:
Tuesday, 3 Nov 2009 | 4:56 PM ET
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By: CNBC.com
The European Commission is close to issuing a formal objection to Oracle’s acquisition of Sun Microsystems, the Financial Times reported on Tuesday.
According to the report, Europe has been expressing its concerns for the $7.4 billion deal over the last few months.
Sun Micro’s shares [JAVA
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] fell more than 2 percent following the news. Oracle’s shares [ORCL
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] were also lower in after-hours trading. Get after-hour quotes for Oracle and Sun Micro here.
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