This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Oracle-Sun Deal Closer to European OK

REDWOOD SHORES, Calif. ( TheStreet) -- Oracle's (ORCL - Get Report) $7.4 billion acquisition of Sun Microsystems (JAVA) could get approval from European antitrust regulators next week, ahead of the European Commission's Jan. 27 deadline, the Wall Street Journal reports, citing sources close to the companies.

Other hurdles to the deal include regulatory approval in Russia and China, although those countries also are expected to approve the deal, sources told the Journa.. The deal itself should close soon after regulators take action, they added.

The deal was cleared by the U.S. Department of Justice in August 2009. However, European regulators had expressed concern about Oracle gaining control of MySQL, a database program developed by a Swedish company that Sun purchased in 2008.

The European Commission declined to comment for the Journal.

Oracle tried to address EU regulators' concerns in December by saying it would "continue to enhance" MySQL, publish programming details of MySQL to help others create applications and that it would not pursue copyright claims against other companies that incorporate the software, the Journal reports.

People close to the companies told the Journal that back-office personnel, such as human resources, marketing and support staff would be let go while sales and engineering teams would largely survive. They added that the job cuts could be in the low thousands.

Follow on Twitter and become a fan on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ORCL $39.34 0.13%
AAPL $92.98 -0.68%
FB $118.16 0.08%
GOOG $699.12 0.49%
TSLA $213.60 -4.00%


Chart of I:DJI
DOW 17,681.26 +30.00 0.17%
S&P 500 2,054.80 +3.68 0.18%
NASDAQ 4,733.98 +8.3410 0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs