GO
Loading...

Oracle-Sun Micro Deal May Be Rejected by EU: Report

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 fell more than 2 percent following the news. Oracle’s shares were also lower in after-hours trading. Get after-hour quotes for Oracle and Sun Micro here.

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Squawk Alley