EU Puts Up Roadblock To $7.4B Oracle-Sun Merger

Law360, New York (September 3, 2009, 2:16 PM EDT) -- The European Commission has put a hold on a proposed $7.4 billion merger between Oracle Corp. and Sun Microsystems Inc., saying Thursday that it would subject the tie-up to “an in-depth investigation” due to concerns about its effects on competition in the database market.

According to a statement from the EC, the review could take up to 90 days, putting the brakes on the deal. European approval is the last regulatory hurdle standing in the way of the merger.

The main sticking point, according to the...
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