June 30, 2009

DoJ to Oracle/Sun: Not So Fast, Pardners

Article Source internetnews.com

The federal government has denied Oracle's request for a speedy approval of its $7.4 billion purchase of Sun Microsystems, requesting more time to give the purchase scrutiny before passing it on to the Federal Trade Commission and the Securities and Exchange Commission for approval.

The DoJ's decision means it will take another 30 to 60 days to perform due diligence on the proposed merger, announced in April after talks between IBM and Sun collapsed...

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