DOJ Approves Oracle-Sun Deal
Oracle on Thursday said the U.S. Department of Justice has approved its US$7.4 billion acquisition of Sun Microsystems, although the deal is subject to certain conditions and still needs the blessing of European regulators.
Oracle first announced its bid in April and Sun shareholders approved the acquisition on July 16.
The combined company will give Oracle an array of new assets, including a stake in the computer hardware market, the open-source MySQL database and stewardship of the Java programming language.
(More to follow.)