Oracle takes over software rival PeopleSoft
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Yesterday, Oracle said 75 percent of PeopleSoft shareholders tendered their shares. That officially puts Oracle in charge, moving it closer to closing the contentious $10.3 billion deal.
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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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Oracle won a key legal victory in its quest to buy PeopleSoft last week, but the grueling war for control of its software rival is far from over, industry analysts say.
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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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Oracle Corp. said on Wednesday it has  taken control of PeopleSoft Inc., now that about 75 percent of  PeopleSoft's shareholders have tendered their shares.
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DECEMBER 29, 2004 (IDG NEWS SERVICE) - Oracle Corp. has taken over control of PeopleSoft Inc. by buying 75% of the PeopleSoft&#39;s outstanding shares from its stockholders, Oracle announced today.
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NEW YORK Oracle said on Wednesday that it had taken control of PeopleSoft, as holders of about 75 percent of the shares of the rival software maker had tendered their shares to Oracle.
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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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SAN FRANCISCO - Oracle Corp. finally scooped up rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a feud with a $10.3 billion deal that promises to shake up the business software industry.
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Oracle is taking the wraps off the next generation of its database and business application products at the Oracle OpenWorld 2004 user conference this week, even as it continues its quest to buy out rival PeopleSoft.
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: Oracle Corp said on Wednesday it has taken control of PeopleSoft Inc, now that about 75 per cent of shareholders of the rival software maker have tendered their shares.
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Oracle has signed a definitive agreement to acquire PeopleSoft for $26.50 (Â£13.79) per share, or about $10.3bn. The transaction has been approved by both companies&#39; boards of directors and is expected to close by early January.
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NEW YORK, September 10 (New Ratings) - Oracle Corp (ORCL.NAS) won the antitrust suit yesterday for its hostile takeover bid for rival PeopleSoft Inc (PSFT), the world&#39;s second largest provider of enterprise application software.
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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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Oracle Corp. has taken control of PeopleSoft Inc. , ending an 18-month fight and making Oracle the world's number two maker of business management software.
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The European Commission approved US software company Oracle&#39;s 7.7 billion-dollar takeover bid for its American rival in the business software market Peoplesoft on Tuesday.
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Oracle Corp. ORCL.O has replaced  PeopleSoft Inc.'s PSFT.O co-presidents, after taking control  of the rival software maker earlier this week, according to a  regulatory filing.