The European Union has given Oracle the go ahead to complete its acquisition of Sun Microsystems after the deal was scrutinized for potential antitrust issues.
With the green light, Oracle – one of the world’s top business software developers – can now complete its $7-billion dollar take over of Sun – one of world’s largest system and server service companies – allowing them to combine innovation and technologies.
Commissioner, Neelie Kroes approved the deal Thursday stating, “I am now satisfied that competition and innovation will be preserved on all the markets concerned. Oracle’s acquisition of Sun has the potential to revitalise important assets and create new and innovative products.”
Issues about the takeover stemmed from concerns that if Oracle took ownership of the company, the fate of the Sun developed MySQL open source database would be threatened, and could jerpodize the database market as Oracle’s own products compete directly MySQL. Oracle has assured the EU that it would not stop development or support of MySQL and that it would remain under open-source license.