EU suspends Oracle-PeopleSoft antitrust review
InfoWorld | at | by Mike
The European Commission (EC) said on Thursday that it has paused its antitrust investigation into Oracle's bid to buy rival PeopleSoft because it is seeking more information from Oracle.
The Commission decided to suspend the review on Wednesday, according to an EC spokeswoman for competition issues. A decision on the proposed buy was expected on May 11 but no new deadline has been set to replace it, she said. The EC has requested information on Oracle's market position in human resources and financial management software, the spokeswoman said.