EU chief seen as keen to push Oracle merger through

Published: 26 September 2004 y., Sunday
The European Commission has confirmed that it wants to reach a decision on Oracle (Profile, Products, Articles) Corp.’s hostile bid for PeopleSoft Inc. before the end of October, prompting speculation that it will approve the merger. The Commission suspended its investigation into the case in April, saying that it was waiting to receive extra billing information from Oracle. Oracle believes that it had supplied the Commission with all the information it could, arguing that it has already provided the Commission with the data it needs to take a decision, people close to the case have said. But Monti’s spokeswoman said on Friday that Commission officials are still in contact with Oracle, with a view to obtaining additional information, which the company promised to send as quickly as possible. The Commission’s desire to decide the case before Monti's tenure ends on Oct. 31 is seen as an indication that the E.U.'s legislative body does not share the U.S. Department of Justice's (DOJ's) view that the merger should be blocked on competitiveness grounds, said a source close to the case. "If (the Commission) was minded to block this, why hasn't it done so already?" the source said. Given the time needed to get approval to block mergers it seems unlikely that Monti could veto the merger by the end of October, raising expectations that the Commission will support it.
Šaltinis: infoworld.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

iPhone movie to hit S. Korea theatres

An award-winning South Korean film director shoots a 30-minute movie using only Apple's iPhone 4. more »

Nintendo: 4 mln 3DS in 1st month

Nintendo aims to sell four million of its new 3-dimensional 3DS game console in the first 30 days of launch in Japan, U.S. and Europe. more »

Mixing business with Foursquare

Matchmaker Maria Avgitidis has a new love - Foursquare. more »

Gemalto R&D Project Selected for Pan-European EUREKA Innovation Award

Gemalto,the world leader in digital security, today announced that the MEDEA+ ONOM@TOPIC+ project has been short-listed as one of the three finalists for the EUREKA Innovation award. more »

Google vs. China again

China again warned Google on Tuesday to obey the nation’s law with its web search engine results, amid mounting signs the world No.1 could soon shut its mainland website. more »

Flip Video in Healthcare Helps Improve Patients' Recovery

Video shot during a healthcare consultation can help patients recall important information and instructions later. more »

EU assembly wants affordable broadband access for every home

High-speed internet is a basic good that must be available to everyone, Europe's local and regional politicians said today in support of the 'Europe 2020' goal of bringing broadband access to every home by 2013. more »

Wincor Nixdorf installs more than 1700 self-service devices at HypoVereinsbank

Wincor Nixdorf and HypoVereinsbank (HVB) have successfully completed one of the most extensive rollouts of self-service systems in Germany. more »

Verizon Joins Open Identity Exchange

Verizon Business will join the Open Identity Exchange consortium as an executive member to support a common, secure framework for access to Internet sites. more »

What's the future for EU's online library Europeana?

You can now access books, journals, films, maps etc from across Europe via the EU's online library, Europeana. more »