EU set to clear Oracle-PeopleSoft takeover
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European Union competition authorities are expected Tuesday to clear unconditionally US firm Oracle's hostile takeover of business software rival PeopleSoft, sources say.
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Outgoing EU competition commissioner Mario Monti wants to reach a decision on Oracle's proposed takeover of business software rival PeopleSoft by the end of next month, an official said.
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BRUSSELS - European Union regulators will decide before November whether to clear Google Inc.'s $3.1 billion takeover bid for online ad tracker DoubleClick or study the issue further.
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BRUSSELS, Belgium -- European Union regulators will decide before November whether to clear Google Inc.'s $3.1 billion takeover bid for online ad tracker DoubleClick or study the issue further.
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PeopleSoft said it would review a ruling by the European Union that gave Oracle&#39;s hostile takeover bid the green light and stood by its position that the offer undervalues the company.
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Oracle Corp. ORCL.O said on Thursday  it expects to close its purchase of rival software maker  PeopleSoft Inc. PSFT.O on Friday.
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STRASBOURG: The European Commission on Tuesday approved Oracle Corp.&#39;s proposed $7.7 billion hostile takeover of rival business software company PeopleSoft Inc.
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European Union regulators suggested Monday they are not bound by a U.S. decision to allow Oracle Corp. to pursue its &#36;7.7 billion bid for rival business software maker PeopleSoft Inc. and are continuing to collect data on the deal.
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The European Commission gives US software giant Oracle the green light to continue with its takeover for American rival Peoplesoft.
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Oracle Corp. has completed its acquisition of rival business software maker PeopleSoft Inc., bringing a formal end to a tumultuous takeover saga.
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The EU is expected to approve the merger between rivals Oracle (Nasdaq: ORCL) and PeopleSoft (Nasdaq: PSFT), according to sources close to the proceedings.
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The European Commission has resumed its probe of Oracle's &#36;7.7 billion hostile attempt to buy PeopleSoft in a bid to complete approval before Competition Commissioner Mario Monti leaves office, sources familiar with the situation said on Thursday.
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The European Commission today cleared the way for Oracle Corp.&#39;s hostile takeover of PeopleSoft Inc. removing one of the deal&#39;s few remaining hurdles.
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The European Union's competition commissioner is ready to allow Oracle to proceed with its $7.7 billion hostile takeover bid for PeopleSoft, people close to the case said Friday
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With a decision that surprised few who have followed the saga, the European Commission said today it has cleared the way for Oracle Corp.
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The European Commission has resumed  its probe of Oracle's $7.7 billion hostile attempt to buy  PeopleSoft in a bid to complete approval before Competition  Commissioner Mario Monti leaves office, sources familiar with  the situation said on Thursday.
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The European Commission is expected to approve Oracle's $7.7 billion acquisition of PeopleSoft on Tuesday, with no conditions attached, a person close to the case said.