UPDATE 1-Sun shareholders approve sale to Oracle

* Sun shareholders approve $7 bln sale to Oracle

* Deal still needs U.S. and EU antitrust approval

* Sun shares down 0.4 pct; Oracle shares down 0.3 pct

BOSTON, July 16 (Reuters) - Sun Microsystems Inc (JAVA.O)
shareholders approved the computer maker's $7 billion sale to
Oracle Corp (ORCL.O) as the two await antitrust clearance from
U.S. and EU regulators before they can close the deal.

The acquisition will transform the world's No. 3 software
maker into a diversified technology company that sells Sun's
computers, data storage equipment and Solaris operating system
alongside Oracle's Linux operating system, database software
and business management programs. Oracle also gains control of
Sun's Java software, one of the world's most widely used
programming languages.

Santa Clara, California-based Sun said on Thursday that a
majority of its shareholders had approved Oracle's $9.50 per
share offer for the company. Approval was widely expected.

Sun shares fell 4 cents, or 0.4 percent, to $9.17, while
Oracle shares dropped 6 cents, or 0.3 percent, to $21.45.

Officials with Oracle have said they expect to receive
regulatory approval in the United States and Europe in time to
close the acquisition by the end of August.

A spokeswoman for Redwood City, California-based Oracle
declined to discuss progress of those reviews on Thursday.

Oracle agreed to buy Sun in April after the collapse of
weeks of talks between the struggling hardware and software
maker and International Business Machines Corp (IBM.N).
(Reporting by Jim Finkle, editing by Matthew Lewis)