Microsoft leaves Oracle high and dry
Reuters | at | by Mike
Microsoft has given U.S. antitrust authorities a sworn statement that could help the government block Oracle's bid to buy PeopleSoft, attorneys familiar with the case said. Microsoft's statement to the Justice Department undercuts one of Oracle's central arguments in defense of the $9.4 billion deal -- that the two companies will soon face competition from Microsoft for a crucial part of their business.
In the statement given to investigators, a representative of Microsoft says the company has no plans during the next two years to move into the market at issue -- software sold to large business customers to manage things like finances, human resources and sales forces, the sources said.