Feeds

EU to approve Oracle takeover - reports

Nothing decided yet, says EU

  • alert
  • submit to reddit

Internet Security Threat Report 2014

The European Union is set to approve Oracle's hostile $7.7bn takeover of enterprise apps vendor PeopleSoft, according to Reuters and the Financial Times, both of which cite unnamed sources.

According to FT, European Union competition commissioner Mario Monti is expected to give the deal the green light before he steps down from the role at the end of October. Monti still has to consult the EU's national antitrust regulators but that it unlikely to sway his position, which has been moving towards approval for some months.

A US federal court has already given the takeover the green light after US regulators had initially ruled against it on competition grounds. EU lawyers reckons that same thing would happen here if the Commission blocked the bid, the FT reports.

Reuters initially carried a report along the same lines as the FT but later story quotes the Commission as saying (officially at least) that its still in talks with Oracle and nothing's been decided yet.

Approval in Europe will pave the way for the acquisition to go ahead, providing the DoJ does not appeal against the US court's decision to clear Oracle's hostile bid. There's still the little matter of gaining PeopleSoft shareholder approval after that, of course. ®

Related stories

Oracle wins US antitrust suit
PeopleSoft staff get golden goodbye
Oracle v. PeopleSoft: the joke is on...

Secure remote control for conventional and virtual desktops

More from The Register

next story
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
Sway: Microsoft's new Office app doesn't have an Undo function
Content aggregation, meet the workplace ... oh
Sign off my IT project or I’ll PHONE your MUM
Honestly, it’s a piece of piss
Return of the Jedi – Apache reclaims web server crown
.london, .hamburg and .公司 - that's .com in Chinese - storm the web server charts
NetWare sales revive in China thanks to that man Snowden
If it ain't Microsoft, it's in fashion behind the Great Firewall
Chrome 38's new HTML tag support makes fatties FIT and SKINNIER
First browser to protect networks' bandwith using official spec
Admins! Never mind POODLE, there're NEW OpenSSL bugs to splat
Four new patches for open-source crypto libraries
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.