A federal judge has cleared the way for Oracle's $7.7 billion hostile
takeover bid for PeopleSoft, but the plan still has many hurdles ahead.
U.S. District Court Judge Vaughn R. Walker issued his 164-page
ruling late Thursday saying the antitrust suit filed by the U.S.
Department of Justice did not convince him that the takeover would harm
competition in the market for certain enterprise software applications. The
DoJ said it was disappointed with the decision but it now has 60 days in
which to appeal the judge's ruling.
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