Wednesday, November 16, 2005

Oracle/Siebel bid: U.S. DoJ throws in towel

The U.S. Department of Justice has indicated it will not fight Oracle's plan to acquire Siebel. The DoJ lost the last battle with Oracle, to stop its hostile bid for PeopleSoft. The Siebel deal, being a friendly takeover, would be even more difficult for DoJ to oppose.

The acquisition still needs to be approved by the European Union. But the EU is unlikely to oppose it. Oracle and Siebel believe the transaction will close in Q1 2006.

Related posts
U.S. Department of Justice visits the Spectator
Bad idea: Microsoft bid for Siebel
Big eyes, big stomach: Oracle buying Siebel

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