EU Antitrust Worries Persist Over Oracle-Sun Deal

Law360, New York (October 21, 2009, 4:39 PM EDT) -- Oracle Corp. is not doing enough to assuage fears of competition issues that could arise from its planned $7.4 billion acquisition of Sun Microsystems Inc., the European Commission has said.

A European Union spokesman said Wednesday that Competition Commissioner Neelie Kroes met with Oracle President Safra Catz to air concerns about the takeover, which the commission is investigating.

During the meeting, Kroes “expressed her disappointment that Oracle had failed to produce, despite repeated requests, either hard evidence that there were no competition problems or a proposal...
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