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Oracle receives green light from the EU to acquire Sun Microsystems
It's official: the European Commission has granted regulatory approval for Oracle to acquire Sun Microsystems for approximately $7.4 billion, without further conditions. In a statement released moments ago, Oracle says it expects unconditional approval from China and Russia as well and intends to close the transaction shortly. Oracle will host an all-day live event for customers, partners, press and analysts on January 27th, 2010 at 9:00 AM Pacific time at its headquarters in Redwood Shores, CA.
