Jobs go at Oracle after takeover
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Oracle announces 5,000 job losses - 9% of the workforce - following the completion of its takeover of Peoplesoft.
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The success of Oracle Corp&#39;s (ORCL.O: Quote, Profile, Research) $8.8 billion hostile takeover bid for rival software maker PeopleSoft Inc.
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Oracle yesterday secured a $10.3billion (Â£5.34billion) takeover of rival software maker PeopleSoft, ending an 18-month battle that was among the most acrimonious in corporate history.
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December 30, 2004 - One day after PeopleSoft Chief Executive Dave Duffield resigned, Oracle announced that it has taken control of its rival, as 75 percent of PeopleSoft shareholders have tendered their shares.
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Oracle Corp. said on Wednesday it has  taken control of PeopleSoft Inc., now that about 75 percent of  shareholders of the rival software maker have tendered their  shares.
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Though the long-running Oracle bid to acquire PeopleSoft finally achieved closure, solution providers on Monday had mixed reactions to the deal, expressing both hopes and fears about how it would impact the business applications market.
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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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Business software maker Oracle Corp.'s quarterly earnings exceeded analyst expectations, overcoming sluggish sales in a product line that the company hopes to bolster by completing a long-sought takeover of rival PeopleSoft Inc.
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LOS ANGELES (CBS.MW) -- Oracle shares jumped Wednesday morning after the corporate software giant&#39;s quarterly results narrowly outpaced expectations overnight, with strength at its core database operations offsetting declines in its applications business.
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TAKEOVER TUG OF WAR: Oracle Corp. ends 18 months of acrimony, boosting its bid for software maker PeopleSoft Inc. by 10 percent to &#36;10.3 billion.
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Oracle Corp., the world&#39;s second-largest software firm, made what it called its last and best offer for rival PeopleSoft Inc. on Monday in a takeover battle that has now raged for almost a year and a half.
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Oracle Corp. ORCL.O said on  Wednesday it has taken control of PeopleSoft Inc. PSFT.O, now  that about 75 percent of shareholders of the rival software  maker have tendered their shares.
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Oracle Corp.  will cut 5,000 jobs as it combines with PeopleSoft Inc., the business software rival it acquired for &#36;10.3 billion after a bitterly fought takeover battle, the company said on Friday.
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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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The Oracle Corporation has taken control of PeopleSoft, making Oracle the world's second-largest maker of business-management software.
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Oracle is in merger talks with other technology companies as it awaits the outcome of its $9.2 billion hostile takeover attempt for rival PeopleSoft.
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After an 18-month hostile takeover battle, Oracle has finally won control of rival PeopleSoft, creating the world&#39;s second-largest supplier of business management software applications.