U.S. software firm Oracle Corp. (ORCL) Thursday said it expects Chinese and Russian antitrust authorities to clear its pending acquisition of Sun Microsystems Inc. (JAVA) unconditionally, following the European Commission's approval.

The company said it intends to close the deal shortly.

Earlier Thursday, the European Commission unconditionally cleared Oracle to take over Sun, after a drawn-out antitrust investigation on worries that Oracle might seek to quash Sun's free database offering, MySQL, to protect its own much pricier franchise.

-By Peppi Kiviniemi, Dow Jones Newswires; +3227411483; peppi.kiviniemi@dowjones.com

 
 
Sun Microsystems (MM) (NASDAQ:JAVA)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Sun Microsystems (MM) Charts.
Sun Microsystems (MM) (NASDAQ:JAVA)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Sun Microsystems (MM) Charts.