The US Department of Justice has approved Oracle's $7.4 billion (4.4 billion) acquisition of Sun Microsystems.
Sun's stockholders approved the transaction last month and now the two companies are just awaiting approval from the European Commission before the transaction can be closed.
The Oracle takeover of hardware vendor Sun has been one of the most talked about acquisitions this year.
Initially IBM was in the running to take over the struggling firm, whose dependence on high end servers had seen them bring in losses as customers opted for cheaper versions during the recession.
After talks between the companies stalled in April, software firm Oracle jumped in with an offer that was later accepted by the company.
A lot of controversy has surrounded the acquisition, as rumours Oracle had only bought Sun for its software options and was to dismantle the hardware division circled.
Oracle's chief executive Larry Ellison said in May that the company planned to keep hold of its hardware assets.
-
Cleo attack victim list grows as Hertz confirms customer data stolenNews Hertz has confirmed it suffered a data breach as a result of the Cleo zero-day vulnerability in late 2024, with the car rental giant warning that customer data was stolen.
-
Lateral moves in tech: Why leaders should support employee mobilityIn-depth Encouraging staff to switch roles can have long-term benefits for skills in the tech sector
-
IBM eyes Oracle expertise gains with latest acquisitionNews The deal aims to help IBM address the complexities of public sector cloud transformation
-
Channel Focus: All you need to know about Oracle's partner programWhat to know about partnering with Oracle: A brief guide to the database management software company as it expands further into cloud solutions
-
Compliance through automation and localizationITPro Podcast The crossover between automation, localization, and even AI is strong
-
Will NetSuite take a cautious approach to AI at SuiteWorld 2023?Analysis Generative AI is likely to loom large over SuiteWorld – but NetSuite may instead bank on boosting its core end-to-end automation tech
-
Oracle updates HCM capabilities to focus on value and set employees up for successNews Reward and recognition - especially by peers - are key tenets of the update to the Oracle Me employee experience platform
-
Oracle: Generative AI is bigger than B2B, bigger than usNews Oracle's CTO, chairman, and current CEO once again set the bar high during Oracle CloudWorld 2023 keynotes
-
Oracle sets out its stall for a new age of multi-cloudOpinion Embracing rival providers with open arms is a bold strategy, one that plays to Oracle’s strengths in infrastructure
-
The best IT management toolsBest We feature the best IT management tools, to help make the process of managing IT systems simpler and easier, from customer support to diagnostics
