DOJ Makes Second Inquiry to Oracle

 
 
By Renee Boucher Ferguson  |  Posted 2003-06-30 Email Print this article Print
 
 
 
 
 
 
 

Request comes from the DOJ's antitrust division, which will look at the proposed merger and its possible ramifications on the software market.

The U.S. Department of Justice Monday issued a second request to Oracle Corp. requiring more information regarding that companys bid to acquire rival PeopleSoft Inc., according to a release put out by Oracle this afternoon. The request comes from the DOJs antitrust division, which will look at the proposed merger and its possible ramifications on the software market. A spokeswoman from the DOJ said that while she cannot confirm the second request, the investigation into the deal is continuing.
With the second request, the DOJ is signaling that it will likely not allow the proposed merger to sail by unchallenged.
Oracle, for its part, is taking the request in stride – outwardly at least. The company released a statement late this afternoon saying, "We were not surprised [by the second request] given the size and scope of the transaction and the fact that PeopleSoft is also proposing its own transaction, which is undergoing regulatory review," said Jim Finn, spokesperson for Redwood Shores, Calif., company.


 
 
 
 
 
 
 
 
 
 
 

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