Oracle’s pending acquisition of Sun recently came across an obstacle when EU regulators decided that the company’s assimilation of MySql required closer scrutiny. However Oracle CEO, Larry Ellison publicly stated that they will not part with MySql simply to satisfy EU regulators.

Sun acquired MySql last year in a move to improve its Solaris operating system and hoped to make it one of the preferred web servers. However, issues came up and many of those who worked for MySql left the company. This included MySql co-founder Monty Widenius who started his own company in order to consider alternate paths for the development of MySql. Therefore, Oracle’s attempts at the acquisition of Sun has caught the attention of EU regulators who worry about competition in the Database market. However Ellison counters that these fears are baseless since Oracle’s database software is proprietary and does not compete in the same market as MySql. He also states that since the products are focused on different segments of the market, the deal will be healthy for completion. The deal has already received approval from US regulators.

The other issue Ellison raised was that while the EU regulators prolong the deal, Sun is losing close to $100 million a month. Ellison also provided strategies on how Oracle will derive value from Sun’s technologies and said that they will focus on providing hardware and software solutions as opposed to just selling machines.