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Oracle’s Bullying Tactics – Enlisting Uncle Sam February 22, 2007
Posted by Vijay in Acquisitions, Business, Happenings, iFlex, India, Issues, Oracle.5 comments
Murali Partha forwarded this link from the Economic Times regarding how Oracle has enlisted the help of the U.S Government to ask the Indian Government to “assist them” in their acquisition of iFlex.
Here is an excerpt from the article:
Speaking to ET, official sources said the US was keen that the Indian government should make it mandatory for the minority shareholders to sell their shares to Oracle. “The US pointed out that it had a law which allowed the government to make minority shareholders sell their shares to the majority stakeholder. It argued that India should do the same in Oracle’s case,” the official said.
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