EU regulators to decide on Oracle, Micros deal by Aug. 29
Reuters
Published Jul 25, 2014 04:30AM ET
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 (N:ORCL) $5.3 billion bid for Micros Systems (O:MCRS), 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)
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