Oracle takes control of PeopleSoft
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Oracle has bought 75% of the PeopleSoft's outstanding shares from its stockholders, and it has already appointed four members to the PeopleSoft board.
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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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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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Oracle Corp., the world&#39;s second-largest software firm, made what it called its last and best offer for rival PeopleSoft Inc. on Monday in a takeover battle that has now raged for almost a year and a half.
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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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Peoplesoft agrees a $10.3bn takeover bid from rival business software firm Oracle, after an 18-month corporate battle.
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WASHINGTON : 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 taken official control of rival PeopleSoft following this week&#39;s decision by PeopleSoft shareholders to tender 75 percent of outstanding stock holdings to the US database and applications giant.
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Oracle proclaimed a symbolic victory Saturday after 61 percent of PeopleSoft stockholders accepted its $9.2 billion takeover offer.
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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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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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Oracle Corp.  has replaced PeopleSoft Inc.'s  co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing.
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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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REDWOOD SHORES, California: Oracle Corporation announced that PeopleSoft stockholders have tendered approximately 75 percent of PeopleSoft outstanding stock, giving Oracle control of the company.
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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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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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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.