EU Objects to Oracle's Bid for PeopleSoft

March 15, 2004

Oracle's (Quote, Chart) $9.4 billion bid to purchase Pleasanton, Calif.-based PeopleSoft (Quote, Chart) got another vote of no confidence this week.

The Redwood Shores, Calif.-based software vendor said it received a "statement of objections" from the European Commission (EC) Friday, although it did not specify what the complaint entailed and would not comment further than to say it was expecting a clarification from the EC next week. The EC's final decision is expected to be issued on or before May 11.

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