EU regulators to decide on Oracle, Micros deal by Aug. 29 

Company logo shown at headquarters for Oracle Corp shown in Redwood City

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

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