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October 31, 2009

Oracle withdraws Russian Antitrust Filing re Sun

That's according to eWeek and the English translation of a notice from the Russian Antritrust authority.  I have no idea why Oracle would pull its pre-merger approval application.  The "reasonable best efforts" language in the merger agreement would suggest that they don't pull it.  I'm open to ideas.


-bjmq


Update:  Smarter people than me have pointed out that the reason for Oracle pulling its Russian filing may simply be a function of dealing with the Russian bureaucracy.  Here's an explanation from Dow Jones that makes sense:

The Russian antitrust hitch is largely due to "procedural" issues, people familiar with the matter said. In Russia, once the antitrust body has been notified of a deal the companies involved have a maximum of 90 working days to get the deal done. The system is rigid, and Oracle was told it either had to withdraw its notification or face a blocking decision from the Russians, one person said.

The Russian authorities basically want to see how Europe is going to deal with the issue first, the person added.

October 31, 2009 | Permalink

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