Friday, September 10, 2004

Against Type

The 9th Circuit casts a surprising vote for monopoly:
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Judge Rejects Antitrust Concerns in Oracle's PeopleSoft Acquisition

A federal judge ruled that the Justice Department erred in seeking to block Oracle Corp.'s proposed hostile takeover of PeopleSoft Inc., giving a boost to Oracle's efforts to snare its smaller software rival. U.S. District Court Judge Vaughn R. Walker in San Francisco wrote in his opinion that the Justice Department failed to prove its allegation that a takeover would harm competition and violate antitrust laws.
    
(Source: The Washington Post)

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