EU regulators to decide on Oracle, Micros deal by Aug. 29
BRUSSELS, July 25
BRUSSELS, July 25 (Reuters) - European Union antitrust regulators will decide by Aug. 29 whether to clear world No. 2 software maker Oracle Corp's $5.3 billion bid for Micros Systems, the European Commission said on Friday.
The deal, Oracle's biggest in five years, is in line with Oracle's strategy to boost its fast-expanding cloud business. Micros makes point-of-sale hardware and software for restaurants and hotels.