sun oracle

European antitrust regulators have formally objected to Oracle Corp.'s $7.4 billion US takeover of Sun Microsystems Inc., citing concerns that the takeover could hurt competition in the database market.

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.