Oracle-Sun Deal Closer to European OK - TheStreet

Oracle-Sun Deal Closer to European OK

Oracle's $7.4 billion acquisition of Sun Microsystems could get approval from European antitrust regulators next week, a report says.
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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.

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