Oracle asks for slack where Microsoft could get none
C|Net | at | by Mike
Oracle on Tuesday officially submitted its notification papers to the European Commission over its hostile bid for PeopleSoft. The filing activates a 30-day deadline for antitrust regulators to determine whether to allow its takeover bid to go through or seek a more in-depth review.
If the European Commission or the U.S. Department of Justice challenge the merger, it could be a deal stopper for Oracle. Over the years, the European Commission, an antitrust regulatory body for the European Union, has increasingly wielded great power in determining the fate of companies' mergers. Its role is considered to be as influential as that of the Justice Department, antitrust experts say.