The US Department of Justice has decided not to appeal a District Court decision to allow Oracle to proceed with its 15-month-old hostile takeover bid for applications rival PeopleSoft.
In a 164-page ruling last month, the judge rejected the justice department's effort to block the $7.7bn (£4.3bn) offer on antitrust grounds. In the ruling, the judge wrote that the DoJ's attorneys had failed to prove that a merger of Oracle and PeopleSoft "is likely substantially to lessen competition" in the business applications market.
Oracle said it was pleased with the justice department's decision.
Linda Rosencrance writes for ComputerWorld