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EU regulators to decide on Oracle, Micros deal by Aug. 29


    BRUSSELS (Reuters) - European Union antitrust regulators will decide by Aug. 29 whether to clear world No. 2 software maker Oracle Corp's $5.3 billion bid for Micros Systems , the European Commission said on Friday.

    The deal, ORACLE (ORCL.NY)s biggest in five years, is in line with Oracle's strategy to boost its fast-expanding cloud business. Micros makes point-of-sale hardware and software for restaurants and hotels.

    The Commission can now either clear the deal unconditionally or demand concessions to resolve competition issues.

    (Reporting by Foo Yun Chee; editing by Robin Emmott)