Oracle’s Sun takeover hits skids
Oracle’s proposed £4.4bn takeover of Sun Microsystems was left in doubt yesterday after the European Commission raised objections to the deal. The commission has raised concerns that the takeover could hurt competition in the computer database market. Oracle said it would “vigorously oppose” the EC objections. The EC’s move is in contrast to the US Department of Justice which signed the deal off in August without asking for any concessions.