Oracle,Sun Russian Antitrust Withdrawal Due To Timing-Source

Friday Oct 30th 2009 by DatabaseJournal.com Staff
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Oracle Corp. had to withdraw its application to get antitrust clearance in Russia for its acquisition of Sun Microsystems Inc. due to timing issues.

[From The Wall Street Journal]

Oracle Corp. (ORCL) had to withdraw its application to get antitrust clearance in Russia for its acquisition of Sun Microsystems Inc. (JAVA) due to timing issues, said a person familiar with the deal Friday.

The acquisition has run into some unexpected trouble in Europe, which made the Russian authorities unwilling to clear the deal ahead of the European Commission, Europe's highest antitrust authority, the person said.

The article continues at http://online.wsj.com/article/BT-CO-20091030-714947.html

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