Benzinga | Oct 4, 2021 03:49PM EDT

Oracle Loses Court Appeal For JEDI Contract: Bloomberg

* The U.S. Supreme Court rejected Oracle Corp's (NYSE:ORCL) appeal challenging the now-scrapped $10 billion cloud-computing contract the Pentagon awarded to Microsoft Corp (NASDAQ:MSFT) in 2019, Bloomberg reports.

* Oracle challenged its exclusion from the cloud-computing deal, the Joint Enterprise Defense Infrastructure (JEDI).

* Oracle's appeal focused on alleged conflicts of interest surrounding Amazon.com Inc (NASDAQ:AMZN) and the Pentagon's violation of rules when it set up the contract to be awarded to a single firm.

* The rejection was a formality given the Defense Department's decision to drop the contract and divide the work potentially between Microsoft and Amazon.

* The court ruled that Oracle remained unaffected as it would not have qualified for a multiple-recipient award.

* Related Content: Microsoft Formally Opposes Amazon's NSA Cloud Computing Contract Win

* Price Action: ORCL shares traded lower by 0.47% at $89.32 on the last check Monday.