1 Min Read
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