EU Objects to Oracle's Bid for PeopleSoft

Monday Mar 15th 2004 by DatabaseJournal.com Staff
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Piggybacking on the Justice Department's suit, the European Commission is expected to detail its complaint next week.

[From internetnews.com]

Oracle's (Quote, Chart) $9.4 billion bid to purchase Pleasanton, Calif.-based PeopleSoft (Quote, Chart) got another vote of no confidence this week.

The Redwood Shores, Calif.-based software vendor said it received a "statement of objections" from the European Commission (EC) Friday, although it did not specify what the complaint entailed and would not comment further than to say it was expecting a clarification from the EC next week. The EC's final decision is expected to be issued on or before May 11.

The article continues at http://internetnews.com/bus-news/article.php/3325691

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