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 »
Unisys Corporation (NYSE: UIS) announced enhancements to its Baggage Reconciliation System (BRS) featuring more detailed information about baggage handling requirements for incoming flights, real-time monitoring and alerts of service level agreements (SLAs), and a mobile app to provide passengers with live updates on when and where to collect their bags.
more »
Samsung doubled its share of the tablet PC market in the last three months of 2012, research firm IDC has said.
more »
Facebook boss Mark Zuckerberg has strongly denied the social network is planning to release its own phone.
more »
The OnLive gaming service is to be made available to Google TV users, following a deal with electronics firm LG. One of a handful of firms making hardware for Google TV. LG's G2 series sets have Google's TV service built in.
more »
Blackberry has become the latest smartphone to offer free wi-fi calls to users via its own software. Research In Motion (RIM) has added the facility to its Blackberry Messenger (BBM) app, which already offered an alternative to text messages.
more »
We are delighted to announce that on 26th of January SafeNet Sentinel Cloud was awarded the SiiA 2012 Best Digital Rights Management Solution!
more »
The Spanish government has approved tough new legislation which could see websites deemed to be trading in pirated material blocked within ten days.
more »
The Los Angeles World Airports (LAWA), which oversees airport operations for the city of Los Angeles, has awarded a contract modification to Unisys (NYSE: UIS) to upgrade its access control and alarm monitoring system, used to identify the 45,000 airport employees, contractors, police and others who work at the organization’s three airports.
more »
Unisys Corporation (NYSE: UIS) today announced Version 2 of its Unisys Secure Private Cloud Solution, the company’s flagship cloud solution for clients’ and cloud service providers’ data centers.
more »
An American blogger has discovered three fake Apple stores operating in Kunming city, China.
more »