California, Sep 22: Oracle Corp Chief Executive Larry Ellison said Sun Microsystems Inc is losing about $100 million a month as European regulators delay approving his company's $7 billion purchase.
Ellison also said, "It would not be necessary for Oracle to divest Sun's MySQL database software business to satisfy European regulators who have expressed concerns about his company's ownership of the unit."
"We're not going to spin it off," Ellison said in response to a question during a dinner at one of Silicon Valley's most prominent speaker's forums, the Churchill Club.
Ellison expects the deal will eventually be cleared by European regulators as it was in the United States, without any conditions.
"The longer this takes, the more money Sun is going to lose," Ellison said during the one-hour-plus on-stage interview conducted by Ed Zander, the former CEO of Motorola Corp and a former Sun executive.