Oracle to gain quick OK for Sun purchase (Dealscape

The Justice Department's antitrust division is preparing to give a quick thumbs up to Oracle Corp.'s proposed $7.4 billion purchase of Sun Microsystems Inc., according to a lawyer briefed on the case.

Swift approval surprises the many antitrust experts who predicted a long, scathing review. A difficult investigation was expected for two key reasons. First, Assistant Attorney General Christine Varney, who has a special area of expertise in high technology matters, rode into office promising vigorous antitrust enforcement. Second, skepticism lingers among DOJ staff about Oracle's business practices. Oracle CEO Larry Ellison thwarted the DOJ in 2004 when he defeated an attempt by the agency to block his purchase of rival PeopleSoft Inc.

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NOT A SUBSCRIBER? Oracle to gain quick OK for Sun purchase Posted on June 2, 2009 11:00 AM The Justice Department's antitrust division is preparing to give a quick thumbs up to Oracle Corp.'s proposed $7.4 billion purchase of Sun Microsystems Inc., according to a lawyer briefed on the case. Swift approval surprises the many antitrust experts who predicted a long, scathing review. A difficult investigation was expected for two key reasons. First, Assistant Attorney General Christine Varney, who has a special area of expertise in high technology matters, rode into office promising vigorous antitrust enforcement. Second, skepticism lingers among DOJ staff about Oracle's business practices. Oracle CEO Larry Ellison thwarted the DOJ in 2004 when he defeated an attempt by the agency to block his purchase of rival PeopleSoft Inc. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 933 in-depth reports of M&A deals in the Technology sector 176 in-depth reports of M&A deals in Regulation 63 in-depth transaction records for Oracle Corp. 49 in-depth transaction records for Sun Microsystems Inc. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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