- 4chan hell raisers finding fame brings heat?
- The 10 dumbest mistakes network managers make
- NetApp quits bidding war in face of EMC opposition
- CompuServe closes after 30 years
- Google to launch open-source Chrome OS this year
Oracle has finalized its US$8.5 billion deal to buy BEA Systems following the European Commission's approval, it announced Tuesday.
"The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it," a statement on the organization's Web site reads in part.
"The Commission examined the potential effects of the proposed merger on the overall middleware software sector and its various sub-divisions ... In each instance, the Commission found that the horizontal overlap between the parties' activities would not give rise to competition concerns, in particular since Oracle and BEA were not seen to compete head-to-head."
In addition, the combined company will face a number of viable competitors in the middleware market, such as IBM, Sun, Microsoft and SAP, meaning "customers would therefore find sufficient alternative suppliers," the Commission added.
Tuesday's news closed the book on a long and tumultuous bid process marked by shareholder angst, assorted counter-offers and public jousting by company officials.
The Leader in Network Knowledge
Partner Content
Explore the Ultrium Edge
The powerful tape technology can address data security with tape encryption as well as long term data protection.
Find Out More
Disk and Tape Square Off
Discover what disk and tape really cost and which solution provides lower total cost of ownership and optimizes energy use for your organization
Download this White Paper
Don't Fall for the Myths
The Clipper Group explores the truth behind the myths of tape, digging into the misconceptions in the disk vs. tape debate.
Review this information
information examination
An examination of information security issues, methods and securing data with LTO-4 tape drive encryption
Read this analysis
Comment