Oracle finally has control of PeopleSoft
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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. That officially puts Oracle in charge, moving it one step closer to closing the contentious &#36;10.3 billion deal.
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With the buyout of PeopleSoft complete, the Oracle CEO says he's now free to focus on a combining of Oracle and PeopleSoft products.
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Oracle is one step closer to taking over rival PeopleSoft now that a federal judge has ruled against the federal government&#39;s effort to thwart the $7.
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Larry Ellison&#39;s software maker Oracle yesterday got the green light from a US federal judge for its US$7.7 billion takeover of smaller rival PeopleSoft, sending PeopleSoft shares up 15 per cent.
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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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Software giant Oracle Corp. said Wednesday that stockholders of rival PeopleSoft Inc. have tendered about 75 percent of the company's outstanding shares, granting Oracle control of the company.
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It looks like only relatively minor administrative tasks stand between the two companies becoming one. By TechWeb News. The European Union has approved Oracle&#39;s takeover of PeopleSoft, bringing the deal closer to completion.
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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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European Union antitrust regulators cleared Oracle Corp.'s hostile &#36;7.7 billion bid for rival business software maker PeopleSoft Inc. on Tuesday, removing one of the last major hurdles in the contested takeover fight.
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The Oracle-PeopleSoft takeover battle may have finally entered its endgame, with Oracle Corp upping its bid and for the first time imposing a deadline for PeopleSoft Inc shareholders to accept it.
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It&#39;s finally over. Business-software maker PeopleSoft (PSFT) agreed to be acquired by rival Oracle (ORCL) for $10.3 billion Monday, ending 18
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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. 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 (Nasdaq: ORCL) finally has won control of PeopleSoft (Nasdaq: PSFT) after an 18-month takeover battle, making the Redwood Shores, California-based company the world's second-largest vendor of business management applications software.
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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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After 18 months of lawsuits and very public wrangling, Oracle Corp. finally roped software rival PeopleSoft Inc., proof positive that Larry Ellison's hardball tactics would get his company just what it put at the top of its Christmas list.
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Oracle takes control as PeopleSoft founder Dave Duffield resigns.