Oracle Blinks
by John Paczkowski
Posted on November 20, 2009 at 5:00 AM PT
The European Union’s formal objection to Oracle’s proposed acquisition of Sun (JAVA) has evidently transformed the database giant’s intransigence into grudging agreeability. The EU has extended the deadline for approval of the $7.4 billion merger to Jan. 27 from Jan. 19 at Oracle’s (ORCL) request.
Seems that Oracle has decided that perhaps petulantly refusing to cooperate with the European Commission’s antitrust probe isn’t the best course of action here and has asked for “the opportunity to further develop its arguments in relation to the commission’s concerns.” Presumably, the company wouldn’t need such time if the EC’s objections were as baseless as it has argued. The standoff between the two, then, would appear to be over and we may see a solution to the matter early next year.
