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Feds OK Sun acquisition

Oracle Corp. said Thursday that the U.S. Department of Justice has approved its proposed acquisition of Sun Microsystems Inc. and terminated the waiting period under the Hart-Scott-Rodino Act.

Santa Clara-based Sun stockholders approved the transaction on July 16. Closing of the transaction is subject to certain conditions, including clearance by the European Commission.

The $7.4 billion acquisition by Redwood City-based Oracle (Nasdaq: ORCL), which has a campus in Rocklin, is being closely watched by the European Union, with questions raised about Sun’s Java software language.