Justice Dept. approves Oracle's Sun buy
With the federal government giving its nod, the biggest remaining hurdle is getting the OK from the European Commission.
Oracle said on Thursday that the U.S. Department of Justice has approved its plan to buy Sun Microsystems.
With Sun's shareholders having given the $9.50 per share deal the nod last month, the remaining major hurdle is approval from European antitrust regulators. Oracle declined to comment beyond a statement confirming the Justice Department's move.
The Department of Justice had said in June itto look into the deal, but has now given its stamp of approval.
Oracleback in April, following Sun's . IBM was said to be still interested in Sun and somewhat , a source told CNET News at the time.
The acquisition is part of a change in thinking for Oracle, which at one time eschewed mergers but has gone on a buying spree in recent years, gobbling up PeopleSoft and many other software companies. Ellison at one time specifically rejected the notion of buying Sun.