EC to probe Oracle bid for PeopleSoft

December 2003
IT Training;Dec2003/Jan2004, p11
Trade Publication
Oracle Corp.'s hostile takeover attempt on PeopleSoft Inc. has been hobbled following a European Commission decision to launch an investigation into the bid. In Europe, Oracle and PeopleSoft compete in the business applications market. The European market contributes 35 per cent to Oracle's revenue at the present time. The European Commission could approve the takeover completely, reject it or approve it based on certain changes. PeopleSoft has hired a new law firm to help fight Oracle's hostile bid.


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