BRUSSELS Jan 21 U.S. software company Oracle
ORCL.O won unconditional European Union regulatory approval on
Thursday for its $7 billion acquisition of computer maker Sun
World No. 2 business software maker Oracle had in August
last year received the green light from the U.S. Department of
Justice for its takeover of Sun, developer of Java software,
among the world's most widely used computer languages.
The European Commission started an in-depth investigation of
the deal in September, citing concerns about the competition
impact on Sun's MySQL database.
"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 revitalise important assets and create
new and innovative products," EU Competition Commissioner Neelie
Kroes said in a statement.
(Reporting by Foo Yun Chee, editing by Dale Hudson)