Peoplesoft deal to trigger industry consolidation
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PeopleSofts shareholders tendered 60.8% of their shares to Oracle on November20th, which in TBRs (Technology Business Research) opinion makes this acquisition approximately 95% plausible.
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Though the long-running Oracle bid to acquire PeopleSoft finally achieved closure, solution providers on Monday had mixed reactions to the deal, expressing both hopes and fears about how it would impact the business applications market.
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PeopleSoft Inc. is deepening its ties with IBM Corp., announcing on Tuesday a sales and development partnership it called the most significant enterprise applications alliance in the companies' history.
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Oracle&#39;s acquisition of PeopleSoft will create a bigger competitor for Microsoft and put one of the Redmond company&#39;s largest industry partners in the hands of a rival.
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Oracle Corp. was not the only beneficiary of a federal judge's ruling late Thursday that it could proceed with its $7.7 billion hostile takeover bid for software rival PeopleSoft Inc. Yesterday, the stock prices of numerous software firms surged during widespread speculation that the antitrust ruling could spark a wave of consolidation in the industry.
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Oracle Corp.  will announce layoffs at PeopleSoft Inc. on Friday to integrate the recently acquired company into the world's second-largest business software maker, Oracle's CFO said on Tuesday.
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The combination of PeopleSoft applications with Oracle&#39;s database and middleware products could lead to a closer relationship between IBM and SAP.
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PeopleSoft will bundle its future business applications with IBM&#39;s infrastructure software as part of a billion-dollar technology and marketing agreement between the two companies.
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Oracle may be breathing fire down its neck with an ongoing hostile takeover effort, but PeopleSoft is trying to withstand the siege by striking a deal with IBM. -washingtonpost.com
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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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Â Oracle Corp.'s hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion is set to continue for a bit longer.
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PeopleSoft will include free copies of IBM&#39;s WebSphere middleware products with every set of its applications sold. Both companies will market the joint products and will collaborate to improve future interoperability.
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PeopleSoft Inc. on Monday agreed to a sweetened $10.3 billion buyout by rival software maker Oracle Corp., relenting after a 18-month takeover saga that included the ouster of PeopleSoft&#39;s chief executive.
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Software maker PeopleSoft Inc. announced Monday that it had agreed to be acquired by Oracle Corp. in a $10.3 billion deal, ending one of the longest, nastiest takeover battles in recent corporate history. -The Washington Post
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Dec-14-2004 - After an emotional and often bitter 18-month battle, PeopleSoft Inc. agreed to be acquired by Oracle Corp.
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SAN FRANCISCO - Oracle Corp. finally scooped up rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a feud with a $10.3 billion deal that promises to shake up the business software industry.
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A long-anticipated merger may soon come true.