Oracle seals PeopleSoft takeover
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SAN FRANCISCO -- Ending 18 months of hostility, Oracle Corp. has raised its takeover bid for rival PeopleSoft Inc. by 10 per cent to seal a $10.3-billion US deal that will create the world&#39;s second-largest maker of business applications software.
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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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Oracle Corp. finally scooped up bitter rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a nasty feud with a &#36;10.3 billion deal that promises to shake up the business software industry.
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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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Software giant Oracle has finally taken control of rival PeopleSoft after an 18-month takeover battle. Wednesday, Oracle said that 75% of PeopleSoft shareholders have tendered their shares.
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Oracle Corp. announced today it has signed a definitive merger agreement to acquire PeopleSoft Inc. for approximately $10.3 billion. -AP
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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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Oracle has won a round in its battle to take over rival PeopleSoft, as a Federal Court judge ruled that the acquisition does not violate antitrust regulations.
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The European commission yesterday approved Oracle Corp&#39;s proposed $7.7bn hostile takeover of rival software company PeopleSoft, clearing the last competition hurdle to the deal.
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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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Oracle Corp. won European Union approval for its hostile $7.7 billion takeover offer for PeopleSoft Inc., removing the last regulatory hurdle to the bid.
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Oracle sealed a deal to buy rival business software firm PeopleSoft for 10.3 billion dollars after a bitter 18-month battle, the two firms announced.
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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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Oracle Corp. announced this morning that it has signed a deal to buy PeopleSoft Inc. for $10.3 billion, capping a bitter 18-month battle between the two software giants.
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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 Inc. capitulated to Oracle Corp., accepting a sweetened $10.3 billion offer to end an 18- month battle that pitted PeopleSoft against its shareholders and led to the ouster of its chief executive.
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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.