The European Union has finally approved the Oracle-Sun merger. The deal which was seen as a tough anti-trust issue got clearance after a long period of hold. The deal was examined critically and was extremely controversial. On one hand where MySQL fans were worried about its future at the hands of Oracle, Oracle was constantly assuring them with promises of support for the next five years. The deal which was initially viewed at $7 billion was proving to be a loss for both Sun and Oracle.
On success of the deal, Neelie Kroes, the European antitrust commissioner said,
I am now satisfied that competition and innovation will be preserved on all the markets concerned. Oracle’s acquisition of Sun has the potential to revitalize important assets and create new and innovative products,
The Sun Oracle deal was held for review by EU and many other antitrust safeguarding agencies and was a long antitrust case. Oracle executives and CEO Larry Ellison will hold a meeting next Wednesday, with Sun executives on how to join the products of both the companies and release them under one single banner of Oracle.
The reason EU gave for approving the deal was,
although MySQL and Oracle compete in certain parts of the database market, they are not close competitors in others, such as the high-end segment.
Following this deal’s approval at EU, those dependent on the EU to protect MySQL are heading for other countries like Russia and China, where there is still a chance.
The approval comes as a big blow to campaigns to protect MySQL but now that EU has approved the deal, others will simply follow suite.