Oracle under close scrutiny by Justice Department
crn.com | at | by Mike
The U.S. Department of Justice has requested additional information from Oracle on its unsolicited bid to buy PeopleSoft, Oracle said Monday night. Earlier today, an Oracle spokesman had said in a statement that the company, given the scope and complexity of the proposed $6.3 billion deal, expected a request for additional information following an initial two-week review of the proposed deal under the usual Hart-Scott-Rodino antitrust act. All deals that could pose antitrust concerns must pass muster under the Hart-Scott-Rodino Act.