The US Department of Justice has requested further information in its review of Oracle’s bid to buy customer relationship management market leader Siebel Systems.
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Oracle announced plans in September to purchase Siebel for £3.2bn. But the acquisition is under review by the Department of Justice’s antitrust division.
It is not yet clear whether the move is part of an attempt to prevent the merger. In 2004 the US Department of Justice failed in a bid to prevent Oracle’s takeover of PeopleSoft – a merger that was cleared by the European Commission.
Oracle’s spokesperson, Bob Wynne said, “Oracle Corporation announced today that it has received a Request for additional information [also known as a "Second Request"] from the US Department of Justice, pursuant to the Hart-Scott-Rodino Antitrust Improvements Act, in connection with its contemplated acquisition of Siebel Systems.
“The second request extends the initial 30-day waiting period under the HSR Act that expired today.”