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DoJ to Oracle/Sun: Not so Fast, Pardners

Jun 30, 2009, 19:02 (0 Talkback[s])
(Other stories by Andy Patrizio)

"The DoJ's decision means it will take another 30 to 60 days to perform due diligence on the proposed merger, announced in April after talks between IBM and Sun (NASDAQ: JAVA) collapsed.

"A deadline for the DoJ to approve the deal and send it up to the FTC and SEC for their stamp of approval was June 26. While those two agencies would approach the merger from a securities and shareholder standpoint, the DoJ would look at things from a legal (read: antitrust) standpoint."

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