Oracle to meet EC next month on Sun deal
Oracle executives due to meet EC regulators on 10th December to discuss Sun deal approval
Oracle executives are due to meet the European Commission over the proposed acquisition of Sun Microsystems on 10th December, according to a report from Reuters.
Reuters said that Oracle has asked for a meeting to urge EC approval of the deal, with a date set for next month.
The European Commission has already opened an investigation into the deal, over concerns that it will quell competition in the database market, where Sun's MySQL is seen as a competitor to Oracle's database solutions.
The deal has approval from US regulators, but the EU has been seeking extra reassurance's of Oracle's commitment to MySQL development.
Oracle's Larry Ellison has claimed that Sun Microsystems is losing $100 million a month, and that any delay in the $7.4 billion deal is harmful to both companies, but has so far refused to address the Commission's concerns.
When the investigation was launched in September, Neelie Kroes, Competition Commissioner said: "The Commission has to examine very carefully the effects on competition in Europe when the world's leading proprietary database company proposes to take over the world's leading open source database company. In particular, the Commission has an obligation to ensure that customers would not face reduced choice or higher prices as a result of this takeover. Databases are a key element of company IT systems. In the current economic context, all companies are looking for cost-effective IT solutions, and systems based on open-source software are increasingly emerging as viable alternatives to proprietary solutions. The Commission has to ensure that such alternatives would continue to be available".
2676 days ago
NQ Logic recommends reading the story behind Oracle acquisition of Sun, and the impact on the Open Source Movement at www.nqlogic.com