Published November 21, 2009, 07:36 AM
EU extends deadline for Oracle/Sun review
European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.’s planned $7.4 billion takeover of Sun Microsystems Inc.
BRUSSELS (AP) — European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.’s planned $7.4 billion takeover of Sun Microsystems Inc.
The European Commission said Oracle had asked for more time “in order to have the opportunity to further develop its arguments in response to the Commission’s concerns.”
The EU executive gave them an extra six working days.
Tags: us business, european union, business, oracle
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