European Commission looks to US ruling in weighing Oracle takeover

The European Commission Friday was reported to be considering a US district court ruling allowing Oracle's proposed hostile takeover of PeopleSoft. The Commission, which includes the EU's antitrust regulators, is deciding whether to raise its own objections to the acquisition; it could stall or end Oracle's plans if it challenges the buyout. The Commission previously has objected to the plans. A buyout is expected to reduce the number of major players in the business software market from three to two. JURIST's Paper Chase has coverage of Thursday's US ruling. CNET News has more on possible Commission action.

 

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

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