European antitrust regulators are set to announce Tuesday whether they will block Oracle's hostile takeover bid for rival PeopleSoft.
The European Commission has told Oracle that it objects to its proposed takeover of rival PeopleSoft, the software maker announced on Friday.
European antitrust regulators announced Monday that they're extending their review of Oracle's hostile bid for PeopleSoft into an in-depth second phase.
A federal judge handed Oracle a victory on Thursday, ruling that the company's acquisition of software rival PeopleSoft would pose no threat to competition in the corporate software market.
Australia's competition regulators are this week combing through a United States court ruling that clears the way for Oracle to pursue a US$7.7 billion acquisition of PeopleSoft.
The US Justice Department charges have been rejected, making way for Oracle's US$7.7 billion PeopleSoft merger. What does the future hold? Additional reading: New twist in software licensing
When all is said and done, CNET News.com's Charles Cooper asks whether the hostile bid to acquire PeopleSoft is smart or just silly.
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