An economist testified Friday that an Oracle takeover of PeopleSoft would allow the database powerhouse and SAP to unfairly dominate the market for business software.
The IT industry's best kept secret is out -- SAP is still up for grabs despite spurning its first suitor, Microsoft.
Microsoft and SAP initiated merger discussions late last year but broke off talks several months ago because of the complexity involved, according to statements issued by the software makers on Monday.
European antitrust regulators are set to announce Tuesday whether they will block Oracle's hostile takeover bid for rival PeopleSoft.
Decisions by a United States court and European Union officials to effectively clear regulatory hurdles from the path of Oracle's proposed US$7.7 billion acquisition of PeopleSoft are poised to persuade Australian competition regulators to green-light the transaction.
Australia's competition watchdog has elected not to stand in the way of the proposed acquisition of PeopleSoft by Oracle.
PeopleSoft offered a glimpse at the price of blocking Oracle's hostile takeover bid in a regulatory filing Monday.
PeopleSoft's board of directors has rejected Oracle's revised hostile bid, saying it believes the company is worth more than US$26 a share.
European antitrust regulators announced Monday that they're extending their review of Oracle's hostile bid for PeopleSoft into an in-depth second phase.
U.S antitrust officials may wait until January to weigh in on Oracle's embattled bid to acquire PeopleSoft, and European regulators are likely to initiate a more in-depth review of the deal, an Oracle executive said Wednesday.
European antitrust regulators late Wednesday were forced to push back the deadline for a decision on Oracle's hostile takeover bid for PeopleSoft, after Oracle missed a deadline to supply new market information.
Oracle on Tuesday officially submitted its notification papers to the European Commission on its hostile bid for PeopleSoft.
Oracle's hostile bid for PeopleSoft is currently under review by Canadian antitrust regulators, adding yet another antitrust hurdle for the database-software maker to jump.
Oracle tried to acquire open-source database maker MySQL, an indication of the profound changes the software giant is willing to make as it adapts to the increasingly significant collaborative programming philosophy.
"Henning Kagermann [SAP chief executive] talking about flexibility and adaptability is like [former French prime minister] Francois Mitterand talking about having a deep affection for American tourists. It's not true. Just because they say it's true doesn't make it true."
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