PeopleSoft reveals alliance with IBM
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PeopleSoft Inc., which is fighting a hostile takeover bid from Oracle Corp., on Tuesday announced an alliance with IBM that may help ease the worries of potential customers.
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September 23, 2004 - PeopleSoft this week became the latest vendor converted by IBM&#39;s WebSphere gospel. The enterprise software giant announced from its Connect 2004 user conference that it has entered a
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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 and stay independent. The business software company has struck a pact with IBM to woo customers and bolster its business, although there's plenty of debate over whether Big Blue will pull off a dramatic rescue.
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Oracle has signed a definitive agreement to acquire PeopleSoftÂ for $26.50 per share, or approximately $10.3 billion, the companies said Monday, ending an acrimonious takeover battle that has lasted for more than 18 months.
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Oracle is offering US$21 per share or about US$7.7 billion for PeopleSoft, a leader in human resources management software and an applications rival of Oracle.
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Oracle Corp. chief Larry Ellison is girding for a showdown with business applications software leader SAP AG and becoming more friendly with frequent rival IBM Corp. as his software company seeks higher profits from its recently completed takeover of PeopleSoft Inc.
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SAN FRANCISCO, Dec. 13 -- Software maker PeopleSoft Inc. announced Monday that it had agreed to be acquired by Oracle Corp. in a &#36;10.3 billion deal, ending one of the longest and nastiest takeover battles in recent corporate history.
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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 has strengthened its ties with technology giant IBM hoping to boost its recently sagging sales as it continues to fight Oracle&#39;s $US7.
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I admire PeopleSoft&#39;s (Nasdaq: PSFT) fight. Tuesday, the business software maker announced a broad partnership with IBM (NYSE: IBM) in which Big Blue&#39;s popular WebSphere middleware
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PeopleSoft announced a broad partnership with IBM on Tuesday, in an attempt to show that it is moving forward aggressively despite the turmoil created by Oracle&#39;s $7.
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Business software giant Oracle Corp. announced today that it has signed a definitive agreement to acquire rival PeopleSoft Inc. after sweetening its offer by 10 percent to approximately $10.3 billion. -The Washington Post
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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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Sybase Inc. SY.N said on Tuesday  that it will partner with hardware vendor IBM IBM.N to market  its Linux database software, potentially dealing a blow to Sun  Microsystems, another long-standing partner.
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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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IBM  and Lehman Brothers   have agreed to pay nearly US$17 million for 7.7 percent  of Kingdee International Software Group Ltd. (0268.HK), aiming  to establish an alliance under which Big Blue will help the  Chinese software firm re-design its products and expand  globally.
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German business software giant SAP  SAPG.DE is starting to see the silver lining in a potential  linkup between rivals Oracle ORCL.O and PeopleSoft PSFT.O,  the German Sunday newspaper Welt am Sonntag reported.