EU regulators to decide on Oracle, Micros deal by Aug. 29

Fri Jul 25, 2014 4:30am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

BRUSSELS (Reuters) - European Union antitrust regulators will decide by Aug. 29 whether to clear world No. 2 software maker Oracle Corp's (ORCL.N: Quote) $5.3 billion bid for Micros Systems MCRS.O, 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)

The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California February 2, 2010.  Picture taken February 2, 2010.   REUTERS/Robert Galbraith