Скачать или смотреть Oracle-Sun merger rejected by Europe

It's been the most high profile acquisition of the year, but the European Commission has officially objected to Oracle's $7bn buyout of Sun Microsystems.

The EU has presented the companies with a list of objections to the deal, saying it would be anti-competitive.

Oracle has already lashed back at the EC, saying the decision reveals a 'profound misunderstanding of both database competition and open source dynamics'.

After getting the deal approved in the US, Oracle used the US Department of Justice's decision as backup of the firm's claims.

The DoJ said in a statement that the merger is unlikely to be 'anticompetitive'. And it hopes that the EC will reach a 'speedy resolution that benefits consumers in the Commission's jurisdiction'.