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January 21, 2010

Oracle Wins Unconditional EU Approval for Sun Buy

Foo Yun Chee

Oracle Corp won unconditional European Union approval on Thursday for its $7 billion takeover of Sun Microsystems, a month after offering public pledges to sooth regulatory concerns. The acquisition will reshape the high-tech landscape, with Oracle, the world’s No. 2 business software maker, moving into the hardware business.

Full story at Washington Post