Oracle Assumes Control Of PeopleSoft
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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. said on Wednesday it has taken control of PeopleSoft Inc., now that about 75 percent of shareholders of the rival software maker have tendered their shares.
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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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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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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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WASHINGTON -- Four executives of PeopleSoft Corp. were replaced by officers of Oracle Corp., which is working to complete a $10.3-billion acquisition of its business software rival, according to a regulatory filing Thursday.
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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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REDWOOD SHORES, Calif. -- Software giant Oracle Corp. said Wednesday that stockholders of rival PeopleSoft Inc. have tendered about 75 percent of the company&#39;s outstanding shares, granting Oracle control of the company.
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The European Commission gives US software giant Oracle the green light for its takeover of US rival Peoplesoft.
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NEW YORK - Oracle announced early Saturday morning that more than 60% of PeopleSoft investors had tendered their shares to the company, letting Oracle continue its fight in the takeover battle for PeopleSoft, a battle that has lasted 17 months to date.
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After nearly 18 months of stuggle, and a &quot;final offer&quot; deadline that expired at midnight, Oracle now owns of 61 per cent of PeopleSoft -- a giant, but not quite final, step toward winning control of the company.
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Oracle Corp.&#39;s $9.2 billion takeover of rival PeopleSoft Inc. neared the finish line early Saturday morning when a majority of stockholders agreed to tender their PeopleSoft shares.
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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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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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Business software maker Oracle  Corp. ORCL.O on Wednesday said it has taken control of rival  PeopleSoft Inc. PSFT.O now that about 75 percent of its  rival's shareholders have tendered their shares.
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The Oracle Corporation has taken control of PeopleSoft, making Oracle the world's second-largest maker of business-management software.
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Oracle Corp. said on Wednesday it has  taken control of PeopleSoft Inc., now that about 75 percent of  PeopleSoft's shareholders have tendered their shares.