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Europe Daily Bulletin No. 8816

28 October 2004
Contents Publication in full By article 13 / 28
GENERAL NEWS / (eu) eu/competition
Commission allows Oracle's takeover bid for PeopleSoft

Brussels, 27/10/2004 (Agence Europe) - The Commission has authorised plans of Oracle Corporation to acquire PeopleSoft Inc, an operation which will reduce the number of major competitors on the market of application software for business to two. The examination of the merger operation, which was notified in October 2003, has been suspended several times, pending additional documents. On Tuesday, the Commission felt that there was not sufficient evidence to justify an attack on competition,...

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