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Oracle Corp.’s bid for rival enterprise software vendor PeopleSoft Inc. got a boost last month when a federal judge ruled that the combination wouldn’t violate U.S. antitrust law. But the acquisition that Oracle first proposed in June 2003 is far from a done deal. Potential obstacles include an appeal by the Justice Department, opposition from European Union regulators, PeopleSoft’s poison pill defense and the possibility that other bidders could come forward.

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