[JURIST] The Department of Justice announced Friday that it will not appeal a court ruling striking down its challenge to software giant Oracle's proposed hostile takeover of Peoplesoft. The decision ends DOJ's antitrust challenge that began in February and fueled speculation about the possible merger.
Oracle still faces obstacles, having not yet obtained approval from the European Commission and having to overcome anti-takeover measures at Peoplesoft. CNET News has background on the takeover process. CNET News has more.
Previously on JURIST's Paper Chase....
- Federal judge rejects US bid to block Oracle takeover of PeopleSoft
- EU set to approve Oracle/PeopleSoft merger
- Oracle antitrust trial begins