The European Union this week heard arguments from lawyers for Oracle, which is seeking to acquire PeopleSoft, but won’t rule on the issue until May 11th, TechNewsWorld has learned. Regulators are examining the financial and human-resources software market throughout Europe — a business applications software niche dominated by Oracle, PeopleSoft and SAP. As often happens with government probes, the net is widening. The hearings in Brussels, Belgium, are being led by EU antitrust chief Mario Monti.
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EU Antitrust Regulators Scrutinize Oracle Deal
Posted by: Gene J. Koprowski April 2, 2004 11:03 AMThe European Union this week heard arguments from lawyers for Oracle, which is seeking to acquire PeopleSoft, but won’t rule on the issue until May 11th, TechNewsWorld has learned. Regulators are examining the financial and human-resources software market throughout Europe — a business applications software niche dominated by Oracle, PeopleSoft and SAP. As often happens with government probes, the net is widening. The hearings in Brussels, Belgium, are being led by EU antitrust chief Mario Monti.