Question
Why does the EU have to approve major corporate acquisitions?
So I was reading this article from the BBC: news ... And it says the European Commission needs to agree on the Oracle buyout of Sun Microsystems. Why is that?
3 months ago - 2 answers
Best Answer
Chosen by Asker
As Oracle and Sun Microsystems operates in the EU as much as in the US it comes under EU competition rules. If a merger or acquistion creates too dominate a company in a certain industry, the commission will normally recommend either breaking part of the companies up to insure healthy competition remains or stopping the merger altogether. It is done to avoid an artificial monopoly being created, which normally is bad news for the consumer and suppliers.
3 months ago
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Other Answers
Because the uk is a part of the eu. Agains the wishes of the people of mainland europe. Since they are only holding us down.
by ramon k- 3 months ago