Feeds

EU to approve Oracle takeover - reports

Nothing decided yet, says EU

  • alert
  • submit to reddit

A new approach to endpoint data protection

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...

7 Elements of Radically Simple OS Migration

More from The Register

next story
PEAK LANDFILL: Why tablet gloom is good news for Windows users
Sinofsky's hybrid strategy looks dafter than ever
Leaked Windows Phone 8.1 Update specs tease details of Nokia's next mobes
New screen sizes, dual SIMs, voice over LTE, and more
Fiendishly complex password app extension ships for iOS 8
Just slip it in, won't hurt a bit, 1Password makers urge devs
Mozilla keeps its Beard, hopes anti-gay marriage troubles are now over
Plenty on new CEO's todo list – starting with Firefox's slipping grasp
Apple: We'll unleash OS X Yosemite beta on the MASSES on 24 July
Starting today, regular fanbois will be guinea pigs, it tells Reg
Another day, another Firefox: Version 31 is upon us ALREADY
Web devs, Mozilla really wants you to like this one
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Cloudy CoreOS Linux distro declares itself production-ready
Lightweight, container-happy Linux gets first Stable release
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?