Justice Department approves Oracle purchase of Sun

Business software giant Oracle said Thursday that the US Justice Department has given the green light to its 7.4-billion-dollar purchase of Sun Microsystems.

"The US Department of Justice has approved Oracle's proposed acquisition of Sun Microsystems," Oracle said in a statement.

Approval of the deal had been expected.

It still needs the clearance of the European Commission.

Sun, a one-time Silicon Valley star, is the developer of the popular Java programming language.

Sun is also the fourth-largest maker of computer servers but has been steadily losing market share to IBM as well as Hewlett-Packard and Dell.

IBM also made a bid to acquire Sun but was edged out by Oracle

Posted in: Software News