by European Commission Press Office
The EU Press Room announced that the European Commission approved the acquisition of Sun Microsystems by Oracle Corporation. After an in-depth investigation, the European Commission concluded that this acquisition would not impede competition in the European Economic Area (EEA) by a significant amount.
"Competition Commissioner Neelie Kroes said: '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.'"
"The Commission's in-depth investigation, opened on 3 September 2009 assessed whether the acquisition of the world's leading open source database MySQL by Oracle, the leading proprietary database vendor, would lead to a significant impediment of effective competition within the EEA. The database market is highly concentrated with the three main proprietary database vendors - Oracle, IBM and Microsoft - accounting for approximately 85% of the market in terms of revenue."
"The Commission's in-depth investigation showed that although MySQL and Oracle compete in certain parts of the database market, they are not close competitors in others, such as the high-end segment."
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