Oracle's Acquisition of Ailing Sun Stuck in Mire

view full story

http://www.linuxinsider.com – Oracle's $7.4 billion acquisition of Sun Microsystems appears threatened by recent developments, starting with difficulties in gaining regulatory approval in the EU and ending with a startlingly decline at Sun Microsystems -- a company that was on a downward trajectory long before Oracle made its play for it. Sun Microsystems plans to lay off up to 3,000 workers over the next 12 months, according to a recent filing with the Securities and Exchange Commission. The company is made the decision "in light of the delay in closing the acquisition," it said. (General)