In a lawsuit taken out with seven states, the Department of Justice said the proposed takeover would stifle competition and create a monopoly.
PeopleSoft subsequently called on Oracle to abandon its bid.
It said Oracle should drop the proposed deal ‘now that the anti-trust day of reckoning has arrived’.
However, Oracle refused to back down and said it would challenge the decision. It said the government’s lawsuit was ‘inconsistent with the overwhelming evidence of intense competition in the markets we serve’.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements