BRUSSELS (Reuters) - European Union antitrust regulators will decide by Aug. 29 whether to clear world No. 2 software maker Oracle Corp's (>> Oracle Corporation) $5.3 billion bid for Micros Systems (>> MICROS Systems, Inc.), the European Commission said on Friday.

The deal, Oracle's biggest in five years, is in line with Oracle's strategy to boost its fast-expanding cloud business. Micros makes point-of-sale hardware and software for restaurants and hotels.

The Commission can now either clear the deal unconditionally or demand concessions to resolve competition issues.

(Reporting by Foo Yun Chee; editing by Robin Emmott)

Stocks treated in this article : MICROS Systems, Inc., Oracle Corporation