text: EC Set To Rule on PeopleSoft Acquisition (NewsFactor) NewsFactor - It looks as though the European Commission is getting ready to permit \Oracle's (Nasdaq: ORCL) US #36;7.7 billion hostile takeover bid of PeopleSoft (Nasdaq: PSFT). The ruling, which has been \widely anticipated after a similar consideration in the United States also \paved the way for Oracle's takeover, is expected to be handed down before the \end of October.