European Commission wants to reach a decision on hostile bid before the end of October
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.
The most popular articles
Software company announced new structure_ of it_s business.
more »
Hewlett Packard is due to launch a new desktop computer in the UK, with pre-release users currently including interior designer Sophie Conran and her son Felix Conran.
more »
Unisys Corp. the Blue Bell computer services and systems company, said it named Peter A. Altabef as president and chief executive officer, effective Jan. 1.
more »
IBC has named Tim Richards as the next chairman of its Partnership Board. He will take over from Mike Martin, who retires at the end of 2014.
more »
Unisys has won a contract to provide the US Defense Information Systems Agency (DISA) with a range of data centre support services.
more »
Networking solutions giant Cisco today said it has signed a multi-year agreement with software major Microsoft to modernise data centres.
more »
Cisco, a leading provider of wired and wireless network solutions, today announced it has been positioned by Gartner, Inc. in the Leader's quadrant of The 2014 Gartner Magic Quadrant for the Wired and Wireless LAN Access Infrastructure.
more »
US giant Cisco Systems has announced plans to build a global InterCloud - the world's largest network of clouds - in collaboration with a set of partners.
more »
Microsoft may have released a basic Office app for Android phones almost a year ago, but the company is now building a suite designed specifically for Android tablets.
more »
Google Docs now offers its users with the option of editing all types of Microsoft Office.
more »
Cisco announced today that it has acquired cloud platform startup Assemblage, as the company continues its focus on enterprise collaboration.
more »