Microsoft move undermines Oracle bid

Monday Mar 8th 2004 by Staff

Executives at Microsoft have given U.S. antitrust authorities a sworn statement that could help the government's effort to block Oracle's bid to buy PeopleSoft, attorneys familiar with the case said.

[From CNet Networks, Inc. -]

Microsoft's statement to the Justice Department undercuts one of Oracle's central arguments in defense of the $9.4 billion deal--that the two companies will soon face competition from Microsoft for a crucial part of their business.

The department filed suit Feb. 27 to block Oracle's bid for PeopleSoft, saying it would be anticompetitive. Oracle has dismissed such concerns as unwarranted, citing among other things an imminent competitive threat from Microsoft, the world's largest software company.

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