July 25, 2014 / 8:34 AM / in 3 years

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 ORCL.N $5.3 billion bid for Micros Systems MCRS.O, the European Commission said on Friday.

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

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below