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European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle’s planned $7.4 billion takeover of Sun Microsystems. The European Commission said Oracle had asked for more time “in order to have the opportunity to further develop its arguments in response to the Commission’s concerns.” The EU executive gave them an extra six working days. Regulators sent a formal charge sheet to Oracle earlier this month laying out competition problems that they see with the deal.

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EU Gives Oracle Extension to Build Sun Deal Defense

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This entry was posted on Friday, November 20th, 2009 at 5:21 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.