[March 19, 2010] Russia gives conditional nod to Sun's takeover by Oracle Tweet (M&A Navigator Via Acquire Media NewsEdge) Russia's antitrust regulator (FAS) said Friday it has given the go-ahead to the USD-7.4-billion (EUR5.5bn) takeover of US server and storage product maker Sun Microsystems by business software provider Oracle (NASDAQ:ORCL) conditional on the latter's commitment to continue to develop Sun's MySQL database. The authority said it would have grounds to request a cancellation of the deal, which already got unconditional clearance by the EU, if Oracle violates the condition. FAS also said the condition would be valid for four years since completion. In late January, Oracle got the green light of the European Union after it promised to keep the MySQL database open-sourced. Country: Russia; USA; Sector: Computer Hardware; Computer Software Target: Sun Microsystems Inc Buyer: Oracle Corp Deal size in USD: 7.4bn Type: Corporate acquisition Status: Agreed Comment: Russia approves deal conditionally ((Comments on this story may be sent to [email protected])) (c) 2010 M2 COMMUNICATIONS [ Back To TMCnet.com's Homepage ]