Brussels set to complain over Oracle's deal to by Sun-FT - News

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Brussels set to complain over Oracle's deal to by Sun-FT

By: AFX | 03 Nov 2009 | 09:15 PM ET

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LONDON, Nov 4 (Reuters) - Oracle Corp is expecting a formal objection from the EU Commission in Brussels to its planned $7.4 billion acquisition of Sun Microsystems Inc within days, the Financial Times newspaper reported on Wednesday. The U.S. software company has not offered any concessions to European regulators, one person close to the process told the FT, despite concerns about the impact of the Oracle-Sun deal on the database market, where Oracle competes with Sun's MySQL database. EU Competition Commissioner Neelie Kroes has to date only prohibited two merger deals. The EU competition review has a deadline of Jan. 19, 2010. The Oracle-Sun deal already has been cleared by the U.S. Department of Justice. (Reporting by David Sheppard; Editing by Carol Bishopric) Keywords: ORACLE BRUSSELS/ (d.sheppard@thomsonreuters.com; Tel: +44 (0)207 542 4259) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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