Oracle, which makes databases and other software, said the U.S. Department of Jusice has approved its plans to acquire Sun Microsystems for $7.4 billion.
The bid to acquire Sun was first announced in April and Sun shareholders approved the acquisition on July 16, but the deal has been in limbo following the DOJ's extended antitrust review. According to a lawyer for Oracle, the DOJ needed more time to review an issue about the way rights to Java are licensed, the Wall Street Journal reports.
With the DOJ no longer a roadblock, Oracle still faces a few more hurdles before the deal can go through. The acquisition is subject to certain conditions and also needs approval from European regulators, which said it will weigh in with an initial opinion in September.
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