Oracle takes control of PeopleSoft
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The news that Oracle has formerly taken control of PeopleSoft and that David Duffield has resigned as PeopleSoft&#39;s CEO comes as no surprise.
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Oracle Corp. ORCL.O said on  Wednesday it has taken control of PeopleSoft Inc. PSFT.O, now  that about 75 percent of PeopleSoft's shareholders have  tendered their shares.
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The European Commission approved Oracle&#39;s proposed $7.7 billion hostile takeover of rival software company PeopleSoft on Tuesday, knocking down the last competition hurdle to the deal.
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Software giant Oracle has finally taken control of rival PeopleSoft after an 18-month takeover battle. Wednesday, Oracle said that 75% of PeopleSoft shareholders have tendered their shares. That officially puts Oracle in charge, moving it one step closer to closing the contentious &#36;10.3 billion deal.
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Oracle Corp. ORCL.O said on  Wednesday it has taken control of PeopleSoft Inc. PSFT.O, now  that about 75 percent of shareholders of the rival software  maker have tendered their shares.
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NEW YORK Oracle said on Wednesday that it had taken control of PeopleSoft, as holders of about 75 percent of the shares of the rival software maker had tendered their shares to Oracle.
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PeopleSoft board of directors might not be supporting it, but almost 60% of the shareholders have given their support to the Oracleâs bid to take over PeopleSoft.
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Oracle Corp.&#39;s 18-month struggle to gain control of PeopleSoft Inc. drew to a close this morning when PeopleSoft&#39;s board agreed to a new $10.3 billion takeover offer.
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After a bitter 18-month battle Oracle Corp has succeeded in taking control of more than 60 percent of outstanding shares of rival business software group PeopleSoft, but obstacles to the hostile takeover remain.
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Oracle has boldly claimed that it now has full control of PeopleSoft, although its takeover is actually not quite done. Oracle on Tuesday revealed that close to 75 per cent of PeopleSoft shares had been tendered by investors.
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Oracle (Nasdaq: ORCL) finally has won control of PeopleSoft (Nasdaq: PSFT) after an 18-month takeover battle, making the Redwood Shores, California-based company the world's second-largest vendor of business management applications software.
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OracleÂ has taken over control of PeopleSoftÂ by buying 75 percent of the PeopleSoft's outstanding shares from its stockholders, Oracle announced Wednesday.
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The European Commission is set to give US software giant Oracle the go-ahead to take over arch-rival PeopleSoft in a $7.7 billion (4.
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PeopleSoft Inc. capitulated to Oracle Corp., accepting a sweetened $10.3 billion takeover offer to end an 18-month battle that pitted PeopleSoft against its investors and led to the ouster of its chief executive.
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Oracle Corp. has completed its acquisition of rival business software maker PeopleSoft Inc., bringing a formal end to a tumultuous takeover saga.
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PeopleSoft Inc. PSFT.O on  Monday agreed to a sweetened $10.3 billion buyout by rival  software maker Oracle Corp. ORCL.O, relenting after a  18-month takeover saga marked by personal insults, courtroom  battles and the ouster of PeopleSoft's chief executive.
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Oracle chalked up a key victory Friday in its battle to acquire PeopleSoft, with investors agreeing to sell the suitor 60 percent of PeopleSoft&#39;s outstanding shares.