Feeds

EU to approve Oracle takeover - reports

Nothing decided yet, says EU

  • alert
  • submit to reddit

Security for virtualized datacentres

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...

Choosing a cloud hosting partner with confidence

More from The Register

next story
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
'Windows 9' LEAK: Microsoft's playing catchup with Linux
Multiple desktops and live tiles in restored Start button star in new vids
iOS 8 release: WebGL now runs everywhere. Hurrah for 3D graphics!
HTML 5's pretty neat ... when your browser supports it
Mathematica hits the Web
Wolfram embraces the cloud, promies private cloud cut of its number-cruncher
Google extends app refund window to two hours
You now have 120 minutes to finish that game instead of 15
Intel: Hey, enterprises, drop everything and DO HADOOP
Big Data analytics projected to run on more servers than any other app
Mozilla shutters Labs, tells nobody it's been dead for five months
Staffer's blog reveals all as projects languish on GitHub
SUSE Linux owner Attachmate gobbled by Micro Focus for $2.3bn
Merger will lead to mainframe and COBOL powerhouse
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.