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From internetnews.com]
European regulators will not obstruct Oracle's hostile takeover bid
for PeopleSoft, regulators said Tuesday.
After a lengthy probe, the European Commission (EC) said there was
not enough evidence to suggest that competition would suffer under the
current $7.7 billion offer to merge the two companies. The commission
said there were enough large companies with multinational activities out
there besides Oracle, PeopleSoft and market leader SAP AG (Quote, Chart), the three most visible players.
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