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Oracle gets approval to acquire BEA

In Brief | TECHNOLOGY

February 28, 2008|From Times Wire Services

Oracle Corp. won regulatory approval for its $8.5-billion acquisition of rival software maker BEA Systems Inc.

The Justice Department and the Federal Trade Commission cleared the purchase, Redwood Shores, Calif.-based Oracle said Wednesday.

BEA, based in San Jose, is a leading provider of "middleware," coding that helps business software interact with databases.

BEA shareholders will vote on the deal at a special meeting April 4.

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