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Oracle-Sun deal opposed by EU panel

November 10, 2009|Times Wire Reports

The European Commission objected to software company Oracle Corp.'s acquisition of computer maker Sun Microsystems Inc., citing a threat to competition, bringing the $7-billion deal into question.

The commission said a combination of Sun's MySQL database product and Oracle's products could hurt competition in the database market, Sun revealed in a filing with the U.S. Securities and Exchange Commission.

Oracle said the objection "reveals a profound misunderstanding."

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