Financial Times FT.com

Oracle wins more time for Sun merger

By Nikki Tait in Brussels and Richard Waters in San Fransisco

Published: November 20 2009 12:42 | Last updated: November 20 2009 17:39

The European Commission has agreed to a request by Oracle to extend the deadline for approval of its proposed $7.4bn merger with Sun Microsystems .

The Commission, which has been holding up the deal because of antitrust concerns over Oracle’s acquisition of a Sun-owned open source database company, said that the US software group had requested the extension in order to “have the opportunity to further develop its arguments in relation to the Commission’s concerns”.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this