EU regulators to decide on Oracle, Micros deal by Aug. 29

BRUSSELS Fri Jul 25, 2014 4:30am EDT

The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California February 2, 2010.  Picture taken February 2, 2010.   REUTERS/Robert Galbraith

The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California February 2, 2010. Picture taken February 2, 2010.

Credit: Reuters/Robert Galbraith

BRUSSELS (Reuters) - European Union antitrust regulators will decide by Aug. 29 whether to clear world No. 2 software maker Oracle Corp's (ORCL.N) $5.3 billion bid for Micros Systems MCRS.O, 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.

The Commission can now either clear the deal unconditionally or demand concessions to resolve competition issues.

(Reporting by Foo Yun Chee; editing by Robin Emmott)

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Comments (1)
Hepan wrote:
To understand all that goes on behind the scenes of an Oracle acquisition, I cannot recommend enough an excellent book, “High-tech planet” written by a former Oracle executive. It is a funny, terrific and insightful insider’s account of what hides behind headlines-grabbing M&As by Oracle. It is a no-holds-barred description of the PeopleSoft acquisition a decade ago, the acquisition which started the roller coaster of all Oracle acquisitions. It contains a hilarious and insighful dscription of how regulators, mainly the US DoJ and the EU, were manipulated by Oracle to approve the acquisition. You can bet something similar is afoot right now with the Micros transaction.

The first few chapters can be sampled for free on Amazon: http://amzn.to/czf0qw

Jul 25, 2014 11:50am EDT  --  Report as abuse
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