Oracle Prevails in DoJ Suit to Block PeopleSoft
September 10, 2004[From internetnews.com]
A federal judge has ruled in Oracle's (Quote, Chart) favor in a lawsuit by the Department of Justice that sought to block the company's hostile $7.7 billion hostile takeover bid for PeopleSoft (Quote, Chart), a rival database software provider.
U.S. District Court Judge Vaughn R. Walker said the DoJ had not proven in its suit that the takeover would harm competition in the market for certain enterprise software applications.
"Plaintiffs have proven that the relevant product market does not include incumbent systems or the integration layer," Walker's decision said. "But plaintiffs failed to prove that outsourcing solutions, best of breed solutions and so-called mid-market vendors should be excluded from the relevant product market. Furthermore, plaintiffs have failed to establish that the area of effective competition is limited to the United States."
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