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News Watch
- 11/20/2009 10:37:37 AM
By Chip Brian, SmarTrend Analytics Team
11/20/2009 - European Union regulators said Friday that they have extended the deadline to wrap up their antitrust review of Oracle's (NASDAQ:ORCL) planned $7.4 billion takeover of Sun Microsystems (NASDAQ:JAVA) until January 27, according to an AP report. The EU said that Oracle requested more time "in order to have the opportunity to further develop its arguments in response to the Commission's concerns," and therefore the company was given six extra working days.
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