We are pleased to have clarity on what the Commission’s key issues are and we will address these issues through our written right of reply and in our hearing testimony, Oracle spokesperson Jim Finn said in a statement.
The objection from the European Union competition watchdog was expected. It follows a similar conclusion from the US Department of Justice, which is now suing Oracle under antitrust law to get the deal blocked. That trial is now scheduled for June 7.
The EC action is consistent with the case filed by the United States Department of Justice, PeopleSoft said. The world’s two leading antitrust enforcement agencies have now asserted that the combination of these two companies is anticompetitive.
PeopleSoft said it expects to hear a final EU decision by May 11. Oracle will evidently get a chance to make its case before the Commission first, however. The company is also challenging the DoJ lawsuit.
The process is ongoing and we are confident that the Commission will see how competitive this business truly is, Oracle’s Finn said.
This article is based on material originally published by ComputerWire
