Another country to scrutinize Oracle's hostile takeover bid
ZDNet | at | by Mike
Oracle's hostile bid for PeopleSoft is currently under review by Canadian antitrust regulators, adding yet another antitrust hurdle for the database-software maker to jump.
The investigation by Canada's Competition Bureau is not a surprise, given the size of the $7.25 billion buyout proposal and Oracle's large presence in Canada--it has 13 offices and more than 1,000 employees. But it means the software maker has to get approval from yet another regulatory agency. It already faces examination from the U.S. Department of Justice, a large group of state attorneys general and the European Union.