Oracle finally has control of PeopleSoft
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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.
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Eighteen months, three weeks and two days after launching its hostile takeover bid for PeopleSoft, Oracle finally took control of its software rival early on Wednesday.
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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 officially taken control of PeopleSoft Inc. after purchasing the 75% of PeopleSoft stock tendered by the application vendor&#39;s shareholders, Oracle disclosed early Wednesday.
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Oracle Corp. has taken control of PeopleSoft Inc. , ending an 18-month fight and making Oracle the world's number two maker of business management software.
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After a bitter 18-month battle Oracle Corp has taken control of more than 60 percent of outstanding shares of rival business software group PeopleSoft.
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SAN FRANCISCO/NEW YORK: Oracle said on Wednesday it has taken control of PeopleSoft, now that about 75% of shareholders of the rival software maker have tendered their shares.
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It&#39;s finally over. Business-software maker PeopleSoft (PSFT) agreed to be acquired by rival Oracle (ORCL) for $10.3 billion Monday, ending 18
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Oracle won a key legal victory in its quest to buy PeopleSoft last week, but the grueling war for control of its software rival is far from over, industry analysts say.
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Larry Ellison&#39;s software maker Oracle yesterday got the green light from a US federal judge for its US$7.7 billion takeover of smaller rival PeopleSoft, sending PeopleSoft shares up 15 per cent.
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Oracle Corp. early Wednesday declared that it had won control of PeopleSoft Inc. after stockholders tendered about 75 percent of the outstanding shares of the Pleasanton, Calif.
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It looks like only relatively minor administrative tasks stand between the two companies becoming one. By TechWeb News. The European Union has approved Oracle&#39;s takeover of PeopleSoft, bringing the deal closer to completion.
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The long-running battle for control of business software company PeopleSoft looks to have finally been concluded in rival Oracle&#39;s favour.
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After 18 months of bickering, litigation, executive shuffling, antitrust rulings, and revised offers from Oracle, the PeopleSoft Board finally decided to accept Oracle&#39;s most recent offer of $26.50 per share.
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Business software group Oracle Corp. announced that it had taken control of rival PeopleSoft by grabbing 75 percent of its stock, ending a rancorous 18-month struggle.
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Oracle Corp. announced on Wednesday the end of an 18-month fight for the takeover of software maker PeopleSoft as 75% of the competitorâs shareholders have agreed to tender their shares to Oracle.
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December 30, 2004 - One day after PeopleSoft Chief Executive Dave Duffield resigned, Oracle announced that it has taken control of its rival, as 75 percent of PeopleSoft shareholders have tendered their shares.