http://techdailydose.nationaljournal.com/2009/08/doj-clears-oracles-acquisition.php?rss=1 en Copyright 2010 Fri, 21 Aug 2009 00:36:20 GMT http://www.sixapart.com/movabletype/ http://www.rssboard.org/rss-specification The Justice Department has approved Oracle Corporation's acquisition of Sun Microsystems and terminated the waiting period under the Hart-Scott-Rodino Act, the companies announced Thursday. Sun's stockholders approved the transaction on July 16 and the transaction's closing is subject to certain conditions, including clearance by the European Commission. In April, Oracle announced its intention to buy Sun common stock for $9.50 per share in cash. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun's cash and debt. IBM previously abandoned its bid for the iconic software company, in part, analysts believe because of perceived risk that antitrust authorities, either in the United States or the EU, would reject the deal.

]]> http://techdailydose.nationaljournal.com/2009/08/doj-clears-oracles-acquisition.php?rss=1 http://techdailydose.nationaljournal.com/2009/08/doj-clears-oracles-acquisition.php?rss=1 Fri, 21 Aug 2009 00:36:20 GMT