Monti Soft? EU May Clear Oracle-PeopleSoft Takeover

by on September 24, 2004

Well, just when you think nothing good can come from the other side of the Atlantic, there’s news like this. It looks like Mario Monti, the EU’s outgoing competition commissioner is set to give a “si” to Oracle’s takeover of PeopleSoft. The legal arguments against the merger were always screwy, on either side of the Atlantic. But given the EU’s history of blocking mergers that could hurt European firms (Germany’s SAP is a big competitor to both Oracle and PeopleSoft), many of us were bracing for the worst. The decision, however, may tell us little about the future direction of EU policy, however, as Monti is leaving Brussels next month, to make way for a new commissioner.

SHARE:

James Gattuso / James Gattuso is a Senior Research Fellow in Regulatory Policy in the Roe Institute for Economic Policy Studies at The Heritage Foundation. Gattuso also leads the Enterprise and Free Markets Initiative at Heritage, with responsiblity for a range of regulatory and market issues. Prior to joining Heritage, he served as Vice President for Policy at the Competitive Enterprise Institute and also as Vice President for Policy Development with Citizens for a Sound Economy (CSE). From 1990 to 1993, he was Deputy Chief of the Office of Plans and Policy at the Federal Communications Commission. From May 1991 to June 1992, he was detailed from the FCC to the office of Vice President Dan Quayle, where he served as Associate Director of the President's Council on Competitiveness. He lives in Alexandria, Virginia with his wife Dana, 8 year-old son, Peter (whom he relies upon to operate his VCR), and his four year-old daughter Lindsey (who does the DVD player.) He has no known hobbies, but is not nearly as boring as he seems.

Comments on this entry are closed.

Previous post:

Next post: