Oracle Buys PeopleSoft for $10.3 Billion
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PeopleSoft Inc. PSFT.O on  Monday agreed to a sweetened $10.3 billion buyout by rival  software maker Oracle Corp. ORCL.O, relenting after a  18-month takeover saga marked by personal insults, courtroom  battles and the ouster of PeopleSoft's chief executive.
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Software maker PeopleSoft Inc. announced Monday that it had agreed to be acquired by Oracle Corp. in a $10.3 billion deal, ending one of the longest and nastiest takeover battles in recent corporate history.
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PeopleSoft agreed today to be bought by Oracle for $10.3 billion, or $26.50 a share, ending a bitter 18-month acquisition battle. PeopleSoft&#39;s price was 10 percent above what Oracle previously called its &quot;best and final&quot; offer of $24 a share.
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Business software giant Oracle announced Monday that it has signed a definitive agreement to acquire rival PeopleSoft after sweetening its offer by 10% to approximately &#36;10.3 billion.
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Oracle Corp. has completed its acquisition of rival business software maker PeopleSoft Inc., bringing a formal end to a tumultuous takeover saga.
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PeopleSoft Inc. agreed to be bought by Oracle Corp. for $10.3 billion, giving up an 18-month battle that pitted PeopleSoft against its shareholders, drove away customers and led to the ouster of its chief executive.
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Oracle yesterday sweetened its hostile bid for rival business software maker PeopleSoft to $9.2 billion, a 14 percent increase aimed at resolving the long-running takeover battle between the bitter foes.
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Monday agreed to a sweetened $10.3 billion buyout by rival software maker Oracle Corp.
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PeopleSoft Inc. on Monday agreed to a  sweetened $10.3 billion buyout by rival software maker Oracle  Corp., relenting after a bitter, 18-month takeover saga marked  by personal insults, courtroom battles and the ouster of  PeopleSoft's chief executive.
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As Oracle embarks on one of the software industry's largest acquisitions in history with its $10.3 billion purchase of PeopleSoft, it needs to show it can chew what it has bitten off.
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PeopleSoft Inc. on Monday agreed  to a sweetened $10.3 billion buyout by rival software maker  Oracle Corp., relenting after a 18-month takeover saga that  included the ouster of PeopleSoft's chief executive.
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PeopleSoft Inc. on Monday agreed  to a sweetened $10.3 billion buyout by rival software maker  Oracle Corp., relenting after a 18-month takeover saga marked  by personal insults, courtroom battles and the ouster of  PeopleSoft's chief executive.
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Oracle Corp. ORCL.O on Monday said  rival business software maker PeopleSoft Inc.'s PSFT.O board  has accepted a sweetened purchase offer of about $10.3 billion,  ending a long and bitter hostile takeover battle.
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â¢ 2004-11-22 â¢ Oracle has won a key victory in its battle to acquire PeopleSoft, with PeopleSoft&#39;s investors agreeing to sell Oracle 60 per cent of PeopleSoft&#39;s outstanding shares.
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About $10.3 billion, not to put too fine a point on it. Rather than swallowing the &quot;poison pill&quot; planned for hostile takeover bids, though, Oracle agreed to come up in its bid for PeopleSoft--$26.50 per share instead of $24 per share.
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Oracle made its âbest and finalâ offer of $24 per share of PeopleSoft today (November 1). The all-cash offer values PeopleSoft at $9.
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Peoplesoft agrees a $10.3bn takeover bid from rival business software firm Oracle, after an 18-month corporate battle.