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Canada weighs in on Oracle's takeover bid

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dArKeR Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-10-03 12:32 AM
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Canada weighs in on Oracle's takeover bid
Oracle's hostile bid for PeopleSoft is currently under review by Canadian antitrust regulators, adding yet another antitrust hurdle for the database-software maker to jump.

The investigation by Canada's Competition Bureau is not a surprise, given the size of the $7.25-billion (U.S.) buyout proposal and Oracle's large presence in Canada--it has 13 offices and more than 1,000 employees.

But it means that the software maker has to get approval from yet another regulatory agency.

http://theglobeandmail.com/servlet/story/RTGAM.20030809.wcdnorac0809/BNStory/Technology/
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