Financial Times FT.com

Oracle gets US clearance for Sun acquisition

By Richard Waters in San Francisco

Published: August 21 2009 02:46 | Last updated: August 21 2009 02:46

Oracle on Thursday won clearance from the US Department of Justice for its $7.4bn acquisition of Sun Microsystems, after an earlier delay in the approval process threatened to knock the deal off-course.

The US software company had originally hoped to close the deal quickly, but hit a stumbling block when the DoJ failed to give its approval at the end of an initial investigation. In an unusual move at the time, a lawyer representing Oracle said that the hold-up related to “one narrow issue” that was “never going to get in the way of the deal.”

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