EU Gives Oracle Approval on Sun Acquisition

"The saga of Oracle's $7 billion acquisition of Sun Microsystems, which started back in April 2009, is near its end.

"Oracle (NASDAQ: ORCL) today announced that the European Commission has finally provided it with unconditional regulatory approval to acquire Sun. The Europeans had held up the acquisition for months over concerns about how the open source MySQL database owned by Sun would exist under Oracle ownership. European regulators formally made their objections known back in November."

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