Friday, October 29, 2004
With regards to previous posts on the difference between antitrust in the US and EU, it is interesting to note that Oracle overcame antitrust hurdles in the EU Tuesday October 26 when the European Commission announced it would not block Oracle's attempt to acquire PeopleSoft. The US DoJ's attempt to block the acquisition was given a setback in September of this year when a federal district court judge dismissed the US suit against Oracle. Meanwhile, the PeopleSoft litigation, challenging the acquisition, continues in the courts. Business Week Online reports on the hostile takeover.