EU regulators to decide on Oracle, Micros deal by Aug. 29
![Company logo shown at headquarters for Oracle Corp shown in Redwood City](https://www.onestopbrokers.com/wp-content/uploads/2014/07/download-14-580x320.jpg)
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 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)
Source: Reuters