EU probes Oracle’s bid to buy Sun

It’s so funny to watch this from the sidelines. Via @LudoMP

EU probes Oracle’s bid to buy Sun

BRUSSELS (AP) — European Union regulators on Thursday launched an antitrust probe into U.S. software maker Oracle Corp.’s takeover of Sun Microsystems Inc., saying the deal could mean higher prices and limited choice for database software.

EU approval is now the main stumbling block for the $7.4 billion deal which has already been cleared in the U.S. by the Department of Justice.

The European Commission now has 90 days — until Jan. 19, 2010 — before it makes a final decision to clear the deal or block it.

Even if it only took half that time, that stretches the uncertainty until mid-October. Jeez.

Courage, folks.

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