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Microsoft may figure in takeover bid | |
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||
| Time: 12:06 EST/17:06 GMT | News Source: Bloomberg | Posted By: Todd Richardson | ||
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Oracle Corp. may win U.S. government antitrust approval for its $6.3 billion hostile bid for PeopleSoft Inc. by persuading regulators that Microsoft Corp. is becoming a threat in the market for software that runs business tasks. Larry Ellison, Oracle's chief executive, will argue that Microsoft has ambitions to enter the market and that he has to build a bigger company to stave off this competition. PeopleSoft has tried to scuttle Redwood City, Calif.-based Oracle's offer by saying that the deal wouldn't pass antitrust scrutiny. | ||
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