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ACCC clears Optus to scrap HFC network and use NBN instead
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Oracle purchase of Sun approved
Jake Widman
Saturday, 22 August 2009 02:30
Various regulatory agencies, as well as Sun stockholders, had to approve before the purchase could go through.
Sun's stockholders approved the deal on July 16, and now the Justice Department has given the nod and ended the legally required waiting period.
The primary remaining hurdle would appear to be the consent of the European Commission.
Soon after the deal was announced, Oracle CEO Larry Ellison said he planned to retain Sun's hardware business so that Oracle could provide optimized hardware/software systems à la Apple and Cisco.
On the other hand, analysts predicted that up to 15,000 Sun employees could lose their jobs in the process.
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