July 25, 2014 / 8:31 AM / in 4 years

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

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

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below