RSS feedsun microsystems
’Oracle rejects EU antitrust claims
Oracle on Monday mounted a strident attack on Europe’s competition authorities as it confirmed it had received an official objection from Brussels to its proposed $7.4bn acquisition of Sun Microsystems.
Sun shareholders left swinging
At the end of October, FT Alphaville came across some strange goings on in Oracle’s pending $7bn acquisition of Sun Microsystems.
Oracle had withdrawn its Russian antitrust filing, an unexplained move prompting speculation the deal was about to unravel.
Oracle braced for EU to block Sun deal
Oracle is braced for a formal objection from Brussels to its planned $7.4bn acquisition of fellow US tech company Sun Microsystems, escalating the company’s legal wrangle with Europe’s competition authorities.
The clairvoyant news on Oracle-Sun – is the deal about to unravel?
Here’s a curiosity – an apparent request from Oracle to the Russian antitrust authorities to withdraw the competition filing for its $7.4bn takeover of Sun.
News of this appears to have sparked a sudden widening of the spread between Sun shares and the Oracle offer terms,
Sun axes 3,000 jobs, blames Brussels
Sun Microsystems on Tuesday announced plans to slash 3,000 jobs over the next year, putting the move down to the delay in getting European Commission clearance for its agreed $7bn acquisition by Oracle.
Oracle’s Sun deal snagged in Brussels
Oracle’s $7.4bn acquisition of Sun Microsystems hit an unexpected obstacle in Brussels on Thursday as European antitrust officials opted to break with Washington in order to scrutinise the deal more closely.
Brussels could delay Oracle-Sun deal
The European Commission could decide to delay Oracle Corp’s $7.4bn acquisition of Sun Microsystems ahead of the deal’s Thursday deadline, reports Reuters. The commission’s antitrust authority is debating whether to approve the deal by Thursday,
Oracle in $7.4bn swoop on Sun
Oracle chief executive Larry Ellison unveiled a surprise $7.4bn agreed offer for Sun Microsystems on Monday. The deal, at $9.50 a share in cash, came two weeks after IBM’s failed bid for Sun and threw the spotlight onto Sun’s Java,
CDS report: Markets correct as sentiment shifts
This CDS report was written by Markit’s Gavan Nolan
European credit indices were wider today, tracking a downward movement in global stock prices. The Markit iTraxx Europe index closed around 154bp, nearly 6bp wider than Friday’s close.
IBM and Sun deal talks stall
IBM’s talks over a deal to acquire Sun Microsystems, a rival computer maker, have run into significant obstacles and the companies are no longer expected to produce an agreement by Monday, the FT reported,
IBM, Sun, near deal at lower price
IBM and Sun Microsystems are in final stages of talks to combine the two computer giants but at a lower price than initially discussed, reports the WSJ. Under the proposal, IBM would pay $9.55 a share – or about $750m – for Sun,
IBM in $6.5bn move for Sun
IBM is in advanced talks to acquire rival Sun Microsystems for roughly $6.5bn in cash, in a deal that could trigger wider consolidation in the technology industry. The two companies were in talks Wednesday on the deal – which would value Sun at about $10 per share,
Weekend catch-up: Freddie Mac, Lehman, Sun
In case you missed these stories:
Freddie Mac seeks $13.8bn lifeline
Freddie Mac, the mortgage financier that was nationalised two months ago, has asked the US government for afurther $13.8bn lifeline after suffering a record $25.3bn quarterly loss on large credit-related writedowns.
KKR in $700m deal with Sun
KKR announced a $700m investment in Sun Microsystems, a former Silicon Valley high-flier that until recently had been given up for dead by Wall Street as a victim of the tech bust and changing IT buying habits by large companies.