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 »
The US technology giant Microsoft said its annual revenues hit a record of $69.94bn (£43.4bn).Sales of the company's Xbox 360 videogame console and its Office software helped fuel the growth.
more »
Fujitsu demonstrated a next generation cholesteric LCD color digital paper module at the International Digital Publishing Expo.
more »
Apple’s next iPhone will begin production in mid to late August and ramp aggressively.
more »
People who create concept designs for future technology always have the luxury that their ideas don’t have to be practical or possible now, just cool enough to get people excited about what might be created one day.
more »
While Twitter isn’t rushing to go public like some of its larger peers, the microblogging service has no problem luring deep-pocketed investors.
more »
Free video chat is coming to Facebook.
more »
Nokia is still one of the biggest names in mobile phones but the company is in rapid decline and profits are sharply down.
more »
Wireless connection standard "Global System for Mobile Communications“ (GSM)
this year on July 1st has reached 20 years of age.
more »
Not long ago we heard a rumor about HTC’s upcoming device supporting a 12 megapixel camera; now we have some info about two more novelties.
more »
While the Stuart Hughes iPad Supreme Editions command respect and an astronomical price, there are other ways to glamorize your brand-new tech toy.
more »