Peoplesoft Partners Shocked, Thrilled
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Company founder and former CEO Dave Duffield is now back aboard full time, replacing the ousted former CEO Craig Conway. Solution providers, while shocked at Conway&#39;s unexpected departure, were largely thrilled that Duffield is back full throttle.
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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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Ening a bitter battle, PeopleSoft's board has finally approved a deal worth around $10 billion Oracle says.
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To hear Oracle (Nasdaq: ORCL) tell it, PeopleSoft (Nasdaq: PSFT) users, as well as its stockholders, are becoming more comfortable with -- or at least resigned to -- the idea of Oracle's proposed acquisition of the enterprise software company.
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SEPTEMBER 22, 2004 (IDG NEWS SERVICE) - PeopleSoft Inc. is deepening its ties with IBM, announcing yesterday a sales and development partnership it called the most significant enterprise applications alliance in the companies&#39; history.
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Business software maker PeopleSoft  Inc. has accepted a sweetened $10.3 billion acquisition offer  from rival Oracle Corp., ending a bitter, 18-month hostile  takeover battle, the companies said on Monday.
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As the threat of a hostile takeover by Oracle rumbles on, PeopleSoft has announced a $1bn partnership with IBM. Speaking at PeopleSoft&#39;s user conference in San Francisco yesterday, the company&#39;s chief executive
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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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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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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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PeopleSoft Inc., which is fighting a takeover bid from Oracle Corp., said revenue from new software licenses this quarter has exceeded Oracle&#39;s sales of the same kind of products in its most-recent period.
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The great debate over the impact of Oracle's hostile takeover of PeopleSoft has all the big industry analyst organizations weighing in. However, in most of the analysis one group's opinion seems to have been overlooked: that of PeopleSoft users.
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PeopleSoft Inc. is deepening its ties with IBM Corp., announcing on Tuesday a sales and development partnership it called the most significant enterprise applications alliance in the companies' history.
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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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PeopleSoft Inc. and IBM announced recently that they will establish the most significant enterprise applications alliance in the history of the two companies.
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PeopleSoft finally gave in yesterday and accepted a $10.3bn (Â£5.4bn) takeover proposal from its larger rival Oracle, ending a pursuit that has lasted 18 months and has been marked by bitter personal insults and a series of courtroom battles.
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PeopleSofts shareholders tendered 60.8% of their shares to Oracle on November20th, which in TBRs (Technology Business Research) opinion makes this acquisition approximately 95% plausible.