Connect with us

Company News

Oracle gains EU green light for $28.3 bln Cerner deal

U.S. business software maker Oracle Corp has secured unconditional EU antitrust clearance for its $28.3 billion acquisition of U.S. healthcare IT company Cerner Corp the EU competition enforcer said on Thursday.

The acquisition, Oracle’s biggest ever, would give the company access to a trove of data and could increase the number of healthcare clients to its cloud platform.

The European Commission said it did not have any competition concerns about the deal as there are no overlaps between the companies and the merged company would not have the ability to shut out rivals. Reuters

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2024 Communications Today

error: Content is protected !!