Saturday, October 31, 2009
That's according to eWeek and the English translation of a notice from the Russian Antritrust authority. I have no idea why Oracle would pull its pre-merger approval application. The "reasonable best efforts" language in the merger agreement would suggest that they don't pull it. I'm open to ideas.
The Russian antitrust hitch is largely due to "procedural" issues, people familiar with the matter said. In Russia, once the antitrust body has been notified of a deal the companies involved have a maximum of 90 working days to get the deal done. The system is rigid, and Oracle was told it either had to withdraw its notification or face a blocking decision from the Russians, one person said.
The Russian authorities basically want to see how Europe is going to deal