text: EU OKs Oracle's Bid for PeopleSoft  STRASBOURG, France/SAN FRANCISCO (Reuters) - The European  Commission on Tuesday approved Oracle Corp.'s &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=ORCL.O target=/stocks/quickinfo/fullquote"&gt;ORCL.O&lt;/A&gt; proposed  \$7.7 billion hostile takeover of rival business software  company PeopleSoft Inc. &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=PSFT.O target=/stocks/quickinfo/fullquote"&gt;PSFT.O&lt;/A&gt;, clearing the last antitrust  hurdle to the deal.