Green Light For Siebel-Oracle Merger

Thursday Dec 22nd 2005 by Staff

UPDATED: The European Commission doesn't find any antitrust issues lurking behind Oracle's $5.85 billion bid.


UPDATED: Oracle (Quote, Chart) has one less hurdle to jump in its $5.85 billion acquisition bid for rival Siebel (Quote, Chart).

The European Commission (EC) said a merged Oracle/Siebel offering wouldn't impede effective competition in its member countries and gave the purchase its blessing today.

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