August 21, 2009

Oracle-Sun Marriage Gets DoJ's Blessing

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oracle_sun1.jpgOracle's $7.4 billion purchase of Sun Microsystems got the sign-off it needed from federal antitrust regulators today, removing a key hurdle for the two companies' merger.

Oracle said the U.S. Department of Justice approved the deal, first announced in April, and terminated the companies' waiting period under the Hart-Scott-Rodino Act.

Along with the approval by Sun's stockholders -- who gave the transaction the thumbs-up in mid-July -- today's development leaves few obstacles still to overcome...

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