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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Oracle wins unconditional EU approval for Sun buy Reuters - Friday, January 22 Send IM Story Print By Foo Yun Chee BRUSSELS - Oracle Corp won unconditional European Union approval on Thursday for its $7 billion takeover of Sun Microsystems, a month after offering public pledges to sooth regulatory concerns. The acquisition will reshape the high-tech landscape, with world No. 2 business software maker Oracle moving into the hardware business. Sun is the top player in the $17 billion high-end computer server market. Oracle promised in December to keep the market open for others to make storage engine software for Sun's MySQL database and said it would be more open than MySQL's previous owners. It also pledged to invest more in MySQL research and development over the next three years and set up a separate customer advisory board of MySQL users. The European Commission had started an in-depth investigation of the deal in September, citing concerns about the competition impact on MySQL. "I am now satisfied that competition and innovation will be preserved on all the markets concerned. Oracle's acquisition of Sun has the potential to revitalize important assets and create new and innovative products," EU Competition Commissioner Neelie Kroes said in a statement. The Commission said its decision took into account Oracle's public pledges and that the company had already implemented some of its promises. Oracle had in August last year received the green light from the U.S. Department of Justice for its takeover of Sun, developer of Java software, among the world's most widely used computer languages. Authorities in China and Russia have yet to approve the deal. Recommend Send IM Story Print Related Articles US-TECH Summary Reuters - 2 hours 1 minute ago Google faces China questions amid solid Q4 Reuters - 2 hours 15 minutes ago New arsenal of shooter videogames target older players Reuters - Friday, January 22 Oracle wins unconditional EU approval for Sun buy Reuters - Friday, January 22 Nokia to offer free navigation, TomTom shares dive Reuters - 2 hours 30 minutes ago News Search Top Stories Goldman Sachs profits soar GM to close Belgian Opel plant Hope of new treatment for MS patients Booming Chinese economy snaps at Japan's heels Opel to close Belgian plant this year More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Giant, leaping Asian carp threaten US Great Lakes UN climate panel admits Himalaya glacier data "poorly substantiated" Mixed feelings as US soldiers take control in Haiti Asian pollution worsens US air levels: study Australia moving cancer-hit Tasmanian Devils to new islands More Most Viewed » Beat the blues by going to bed early: study Huge tomb found at Egypt's Saqqara pyramid Woman who saved Anne Frank's diary dead at 100 Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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