Oracle Corporation has announced that the company will be hosting a live event for customers, partners, press and analysts at its headquarters in California, the same day the European regulators are announcing their verdict on Oracle’s $5.6 billion acquisition of Sun Microsystems.
In a statement released by the company, Oracle also said that the company’s CEO Larry Ellison along with other senior executives from Oracle and Sun will be discussing the roadmap Oracle will undertake in order to integrate Sun Microsystems technology with that of Oracle’s.
The event, which is scheduled on 27th January, will begin at 9:00 am and will be broadcasted globally via the internet.
Oracle had announced its plans to acquire Sun Microsystems back in April 2009 which had immediately raised concern over the fate of Sun’s several open source offerings including the popular open source MySQL database software.
After some deliberations, US regulators gave a green-light to the deal but it drew extensive scrutiny from the European Commission, Europe’s top most antitrust regulator.
However it now appears that the EC is showing signs to allow the deal after much debate and Oracle seems to be positive that the decision will be in its favour.
Sun Microsystems had its chances to become a major player in the world of technology but it did not take them. Rather, it let itself, as well as its investors and customers, down. Had Oracle not purchased it last year, another company, maybe IBM, would have done so.
(Wall Street Journal)