PeopleSoft has formally filed notice of its plans to acquire J.D. Edwards with the Federal Trade Commission and the Department of Justice, despite itself being the target of an Oracle takeover bid.
Rupert Murdoch's News Corporation has been given the green light by US antitrust authorities to go ahead with its acquisition of Intermix Media.
Microsoft last week launched a hostile US$44.6bn takeover bid to buy Web giant Yahoo. If the deal goes ahead it will be the latest in a line of multibillion-dollar mergers and acquisitions the tech sector has witnessed in recent years.
European antitrust regulators announced Monday that they're extending their review of Oracle's hostile bid for PeopleSoft into an in-depth second phase.
Attorneys general from approximately 30 states this week ramped up their review of Oracle's US$6.3 billion unsolicited bid for PeopleSoft, according to sources.
The software maker files plans to take over rival J.D. Edwards with the Justice Department and the Federal Trade Commission, despite being the target of an Oracle buyout bid.
With so many forces mounting opposition to Oracle's hostile bid to buy PeopleSoft, cooler heads might suggest it's time to call it quits. But Oracle CEO Larry Ellison has never been one to follow conventional wisdom. Additional reading: Protect your software assets
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