Sun Microsystems is losing about $100 million a month according to Larry Ellison, CEO of Oracle, the company that's set to acquire Sun. Oracle is waiting to get clearance from European regulators before the deal can go through and Oracle can step in and try to put an end to this loss.
Though understandably frustrated, Ellison is optimistic about the deal being approved. He conveyed this to his audience in
The deal was
The EU is worried that Oracle acquiring MySQL would discourage competition, but Ellison maintains that it would do no such thing. He says that Oracle has no intention of spinning that unit off, which would greatly improve the chances of getting the deal approved.
The EU says that it may take until January to complete its review of the deal. If Sun keeps losing money at the same rate, the deal may look significantly soured.
Sun Losing $100 Million a Month as Oracle Waits
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