Oracle Wins Another Round
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Oracle says PeopleSoft stockholders tendered more than 60 percent of the company&#39;s outstanding shares as of midnight Friday, and that it plans to move forward with its proposed hostile takeover.
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Oracle has made a huge step towards victory in its hostile takeover bid for rival business software company PeopleSoft, as the US federal courts rejected the Department of Justice&#39;s attempt to block the takeover bid.
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Oracle Corp. on Tuesday reported  a higher quarterly profit as the world's second largest  software company benefited from steady demand for its flagship  database software.
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Oracle Corp. , the world&#39;s third  largest software maker, reported profit that beat Wall Street  expectations on Tuesday and gave a positive growth outlook for  the current quarter that nudged its shares higher.
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Oracle Corp. prevailed Thursday in an antitrust lawsuit filed by the Justice Department attempting to block the Redwood Shores company&#39;s $7.
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Oracle, the world's second largest software producer, saw profits jump 16% to $509m (Â£283m) in the first half of the year on strong sales of its core database products.
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The European Commission has no objection to Oracle&#39;s takeover bid for PeopleSoft. That decision, coming after Oracle&#39;s antitrust victory in the US, means that Oracle faces no more regulatory impediments to its proposed takeover.
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Plus, Oracle's still in hot pursuit, and put me in, Coach!
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Oracle Corp. reported second-quarter 2005 earnings that beat analyst expectations on Monday, thanks to new software revenue and continued gains from license updates and product support.
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Last night, database maker Oracle (Nasdaq: ORCL) once again extended its $7.7 billion offer for business software provider PeopleSoft (Nasdaq: PSFT).
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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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NEW YORK, October 26  - Oracle Corporation (ORCL.NAS) has received the antitrust approval from the European Union, for its hostile $7.
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Oracle Corp. , the world's third largest software maker, reported profit that beat Wall Street expectations on Tuesday and gave a positive growth outlook for the current quarter that nudged its shares higher.
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Peoplesoft, the software maker that is the target of a hostile takeover bid from industry heavyweight Oracle, has returned to profit.
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Oracle Corp.  on Thursday  posted a higher quarterly profit, helped by  stronger-than-expected new software license revenue.
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The wrangling between PeopleSoftÂ  and OracleÂ has once again gone to the dogs.
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European Union antitrust regulators have cleared Oracle Corp&#39;s hostile $US7.7 billion ($A10.31 billion) bid for rival business software maker PeopleSoft Inc, removing one of the last major hurdles to the contested merger.