After the European Commission raised concerns over its earlier presented planned proposal of $7.4 Billion to purchase the giant computer manufacturer, Sun Microsystems Inc's MySQL database, Oracle Corp got back to the drawing board, and the new proposal has managed to impress the EU antitrust regulators, thereby taking the deal a step further.

The new proposal, as has been confirmed by the EC, has successfully addressed concerns about the purchase of the desired unit, thereby signaling that the acquisition will now most probably be approved by the EU, a decision which could come as early as next month.

Acquired by Sun last year, MySQL is an "open-source database business". The EU officials had raised concerns that if Oracle would take control of the business unconditionally, it "could have an incentive to suppress or restructure a product that is given away for free and poses a threat to its own business". Oracle, however, had disagreed with these concerns for very long, but has now decided to cooperate with the Commission.

"Oracle's binding contractual undertakings to storage engine vendors regarding copyright non-assertion and the extension over a period of up to five years of the terms and conditions of existing commercial licences are significant new facts", said the Commission.