Not the best of weeks for Team Oracle in or out of the water.
First came reports late Tuesday that the European Commission (EC) was nearing a decision to issue an official statement of objection over Oracle’s proposed bid to acquire Sun Microsystems. Issuing such a statement is largely considered the first step toward blocking the 47.4 billion deal.
As has been reported here and elsewhere over the past couple of months, the focus on the EC’s two-month long investigation continues to be on Oracle gaining possession of Sun’s MySQL, the market leading open source database. EC officials believe Oracle’s control over both the leading proprietary database and the leading open source database would significantly limit the buying choices of European users.
The EC reportedly is seriously considering issuing a statement of objection because Oracle has failed to get back to the organization with evidence that the proposed deal would not cripple competition after several requests.
The EC has not blocked mergers of this magnitude very often, but Larry seems to be testing their patience. No word yet whether Larry and his right hand woman, Safra Catz are on a plane heading to Brussels to better explain themselves.
The second bummer for Team Oracle this week is the 200-foot mast on the company’s gigantic trimaran, which is expected to represent the US the America’s Cup, snapped and came crashing down while sailing out in the Pacific ocean. The gigantic craft had to be towed back to its berth. Estimated cost of the boken mast, a whopping $10 million.
Is this an omen of some news that could be coming out of Brussels