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Senators Urges EU to Quicken Oracle Sun Probe |
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Written by Users Idea
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Sunday, 29 November 2009 |
When Oracle disclosed their proposed acquisition plans for Sun Microsystems, this particular move sparked European antitrust regulators to step in and probe into the entire acquisition. And judging by the fact that one of the technology giants are being gobbled up, the European Commission would like to establish whether there are any foul play in this particular matter.
Nevertheless, with the deal on the line, 59 US senators have in fact issued a letter to the European Commission, whereby this particular letter is aimed at urging the commission to quicken their probe into the acquisition. Of course, the US senators have also mentioned that Sun Microsystems is in precarious condition and that the company has problems financially and might be laying off more workers, if the probe is not completed in due time.
Personally, I believe that the European Commission should speed up their entire probe process, as clearly, you don’t need so much time to establish whether the acquisition would infringe antitrust laws, right?
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