Oracle takes control of 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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After a bitter 18-month battle Oracle Corp has taken control of more than 60 percent of outstanding shares of rival business software group PeopleSoft.
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December 30, 2004 - One day after PeopleSoft Chief Executive Dave Duffield resigned, Oracle announced that it has taken control of its rival, as 75 percent of PeopleSoft shareholders have tendered their shares.
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After an 18-month hostile takeover battle, Oracle has finally won control of rival PeopleSoft, creating the world&#39;s second-largest supplier of business management software applications.
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Oracle takes control as PeopleSoft founder Dave Duffield resigns.
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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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Oracle Corp. (ORCL.O: Quote, Profile, Research) has replaced PeopleSoft Inc.&#39;s (PSFT.O: Quote, Profile, Research) co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing.
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Oracle announced late Tuesday that 75 percent of PeopleSoft investors have tendered their shares, giving it a controlling stake in the company but falling short of the level needed for a speedy close to the deal.
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The Oracle Corporation has taken control of PeopleSoft, ending an 18-month fight and making Oracle the world&#39;s second-largest maker of business-management software.
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Oracle Corp. announced Monday that it has signed a definitive merger agreement to acquire PeopleSoft Inc. for approximately &#36;10.3 billion.
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_ Oracle Corp. finally scooped up bitter rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a nasty feud with a $10.3 billion deal that promises to shake up the business software industry.
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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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Oracle Corp. ORCL.O can  celebrate a ruling by a U.S. judge that it can take over  archrival PeopleSoft Inc. PSFT.O, but analysts say the  world's second biggest software maker has a battery of other  barriers to overcome before a deal is clinched.
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Oracle has signed an agreement to acquire PeopleSoft for about $10.3 billion, the companies said this morning.
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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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OracleÂ has taken over control of PeopleSoftÂ by buying 75 percent of the PeopleSoft's outstanding shares from its stockholders, Oracle announced Wednesday.
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PeopleSoft&#39;s board of directors has approved a takeover deal from Oracle worth around $10.3 billion, ending a bitter takeover attemptthat started more than a year ago and creating a major software maker.