U.S. software giant Oracle won approval from the European Union (EU) to buy BEA Systems, an independent provider of middleware software, for 8.5 billion U.S. dollars.
The European Commission, the EU's antitrust watchdog, said in a statement that the transaction would not significantly impede effective competition.
Oracle, the world's third largest software maker, provides enterprise software solutions and related services, including "middleware," database and enterprise applications software, whilealso U.S.-based BEA offers middleware software.
Middleware belongs to the category of infrastructure software and mediates between and among operating systems, database software and enterprise application software.
Despite overlap, "the combined Oracle and BEA entity would face several strong competitors in the overall middleware market and in each of the sub-segments, such as IBM, Sun, Microsoft and SAP, and customers would therefore find sufficient alternative suppliers," the Commission said.
Oracle and BEA had already won approval from the U.S. regulators.
Source: Xinhua
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