EU delays Oracle buyout of Sun

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SAN FRANCISCO — Oracle figured its .4 billion buyout of Sun Microsystems could skate through antitrust scrutiny, folding Sun into a technology powerhouse when Sun badly needs the lifeline. Both companies will have to wait. European Union regulators applied the brakes Thursday, launching a formal antitrust probe that shatters Oracle's goal of completing the acquisition this summer. The U.S. Department of Justice has approved the deal. BRUSSELS (Reuters) - European Union antitrust

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