EU approves IBM takeover of Telelogic

EUROCRATS have raised no objections to IBM's takeover of Swedish software firm Telelogic.

The European Commission's competition regulators decided the deal would not be anti-competitive.

It had a good poke about in the cabinets and eventually released a statement to the effect that: "The transaction would not significantly impede effective competition."

IBM announced a 745 million dollar (490 million euro) bid for Telelogic back in June 2007, to cries of "help, we're doomed," from rival software firms throughout Europe.

So the Eurocrats said they'd have a poke about. Now they have done so, found nothing to quibble about and raised the green flag on the deal.

Much to IBM's delight. µ