Oracle Clinches PeopleSoft
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PeopleSoft Inc. has agreed to a sweetened US$10.3 billion buyout by rival software maker Oracle Corp., relenting after a 18-month takeover saga marked by personal insults, courtroom battles and the ouster of PeopleSoft&#39;s chief executive.
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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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DECEMBER 13, 2004 (IDG NEWS SERVICE) - Oracle Corp. has signed a definitive agreement to acquire PeopleSoft Inc. for $26.50 per share, or about $10.3 billion, the companies said today, ending an acrimonious
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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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SAN FRANCISCO/NEW YORK: Oracle said on Wednesday it has taken control of PeopleSoft, now that about 75% of shareholders of the rival software maker have tendered their shares.
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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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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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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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Oracle Corp. will win unconditional European Union approval for its $7.7 billion bid for PeopleSoft Inc., ending the longest-ever merger review by EU antitrust regulators, according to people familiar with the situation.
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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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After a bitter 18-month battle Oracle Corp has succeeded in taking control of more than 60 percent of outstanding shares of rival business software group PeopleSoft, but obstacles to the hostile takeover remain.
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Ending 18 months of bad blood, Oracle raised its takeover bid for bitter rival PeopleSoft by 10 percent to seal a $10.3 billion deal that will create the world&#39;s second largest maker of business applications software.
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The European Union has approved Oracle&#39;s takeover of PeopleSoft, marking yet another turn in the bitter 17-month wrangle between the fierce business software rivals.
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WASHINGTON, NOV 20 : After a bitter 18-month battle Oracle Corporation has succeeded in taking control of more than 60% of outstanding shares of rival business software group PeopleSoft, but obstacles to the hostile takeover remain.
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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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Oracle has officially taken control of PeopleSoft Inc. after purchasing the 75% of PeopleSoft stock tendered by the application vendor&#39;s shareholders, Oracle disclosed early Wednesday.
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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.