FTC Grants Early End to Premerger Waiting Period for Oracle/Dyn

The FTC said it granted an early termination of the premerger notification waiting period for Oracle’s buy of internet traffic service Dyn, allowing the deal to proceed. The Hart-Scott-Rodino Act requires companies engaged in large mergers and acquisitions to submit to a waiting period during which DOJ and the FTC can review the deal for antitrust issues, the commission said. Oracle said in November it planned to buy Dyn in a bid to extend its cloud computing platform (see 1611210047). Dyn's DynDNS service experienced distributed denial-of-service attacks in October that resulted in outages or latency for many major websites in the U.S., including Netflix and Twitter (see 1610260067 and 1611160051). Oracle didn’t comment Tuesday.