The European Union’s formal objection to Oracle’s proposed acquisition of Sun 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 request.
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Google, the Authors Guild and the Association of American Publishers have submitted a new version of their digital book settlement, and while it makes concessions to the Department of Justice and others who have raised concerns about how it may violate antitrust laws, the new proposal doesn’t seem to have appeased all of its opponents.
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Psystar’s ill-starred crusade against Apple has ended in a total rout. U.S. District Court Judge William Alsup on Friday dropped the hammer on the Mac clone maker, granting Apple’s request for a summary judgment and denying Psystar’s counterclaim.
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With Intel’s longstanding legal dispute with AMD resolved, Douglas Melamed, the company’s new general counsel, will have one less thing to worry about when he starts work–not that he lacks the experience to deal with it.
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Wow. Intel and AMD’s seemingly endless legal battles have finally ended. The two companies said early Thursday that they have reached a comprehensive agreement that resolves their many antitrust and patent disputes. Under its terms, Intel will pay AMD $1.25 billion and agree to “abide by a set of business practice provisions” presumably crafted to temper its alleged anticompetitive practices.
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AMD has been carping about Intel’s alleged anticompetitive acts without satisfaction for so long that the company evidently feels entitled to a bit of gloating now that its rival has found itself in the legal crosshairs of the European Union and New York Attorney General Andrew M. Cuomo, among others. In remarks made during AMD Financial Analyst Day, CEO Dirk Meyer said that Intel’s current legal woes “ratify” AMD’s allegations.
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Google’s five-year-old copyright feud with the publishing industry will drag on a few days more now that the deadline for submitting a revised settlement proposal has been pushed back once again. Google and attorneys representing the Authors Guild and the Association of American Publishers were supposed to file the document today, but instead asked the judge overseeing the matter to give them until the end of the week.
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“The decrease in _____ revenue was primarily due to _____” and “uncertainty associated with the proposed acquisition by Oracle and increased competition.” That refrain is repeated over and over again in Sun’s latest grim earnings report, which was filed without much in the way of announcement Friday afternoon.
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Looks like it’s going to be a very busy fall for Intel legal. This morning, New York Attorney General Andrew Cuomo filed a federal antitrust lawsuit against the company, alleging that it violated state and federal laws with a “systematic campaign” of illegal conduct.
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Oracle CEO Larry Ellison is famous for his admiration of “The Art of War,” Sun Tzu’s sixth-century treatise on battle tactics. And the ancient wisdom has served Ellison well in Oracle’s long-running battle with SAP and its hostile bid for PeopleSoft. But it may get him in trouble when it comes to Oracle’s dealings with the European Commission and its inquiry into the company’s planned acquisition of Sun. The Financial Times reports that Oracle’s refusal to offer any concessions to European antitrust regulators may lead them to issue a formal complaint objecting to the deal.
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What’s the difference between European Commission competition watchdog Neelie Kroes and Oracle CEO Larry Ellison? Kroes isn’t losing $100 million a month on Sun Microsystems. Much as Ellison would like to blame the European Commission for yesterday’s bloodletting at Sun, responsibility lies squarely with Oracle–at least, according to Competition Commissioner Kroes.
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Former Genentech chairman and CEO Art Levinson has resigned from Google’s board, where he has been a director since April 2004. No reason was given for his departure, though his membership on both the Google and Apple boards, and the Federal Trade Commission inquiry into into possible implications of such dual memberships, surely played a role.
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