Oracle seals $10bn Peoplesoft bid
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Peoplesoft agrees a $10.3bn takeover bid from rival business software firm Oracle, after an 18-month corporate battle.
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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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UPDATE: Oracle&#39;s (Quote, Chart) dogged pursuit of PeopleSoft (Quote, Chart) was rewarded on Monday as PeopleSoft&#39;s board of directors agreed to sell the company for $10.3 billion.
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PeopleSoft Inc. on Monday agreed  to a sweetened $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's chief executive.
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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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Oracle Corp. announced on Wednesday the end of an 18-month fight for the takeover of software maker PeopleSoft as 75% of the competitorâs shareholders have agreed to tender their shares to Oracle.
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Oracle proclaimed a symbolic victory Saturday after 61 percent of PeopleSoft stockholders accepted its $9.2 billion takeover offer.
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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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Oracle yesterday raised its hostile takeover offer for rival software company PeopleSoft by 14%, to $8.8bn (Â£4.37bn), and for the first time set a deadline for acceptance of the bid.
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Oracle is offering US$21 per share or about US$7.7 billion for PeopleSoft, a leader in human resources management software and an applications rival of Oracle.
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It&#39;s an early Christmas for Oracle Corp.âand PeopleSoft Inc. shareholders. The two companies announced early Monday morning a definitive merger agreement whereby Oracle will acquire PeopleSoft for $26.50 per share, or $10.3 billion.
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The Oracle Corporation announced early yesterday that it would acquire PeopleSoft for $10.3 billion, ending a bitter takeover fight that had lasted more than 18 months.
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REDWOOD SHORES, Calif. -- After months of wrangling, Oracle said Monday that it has signed a merger agreement to buy rival business software maker PeopleSoft.
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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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The investors have spoken and decided that Oracle buying PeopleSoft for $9.2bn in cash sounds like a pretty good deal. More than 60 percent of PeopleSoft investors tendered their shares to Oracle, giving the
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Oracle expects to close its $10.3 billion acquisition of PeopleSoft on Friday and said it is moving quickly to merge the two companies' operations.
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Silicon Valley&#39;s longest and most bitter hostile takeover battle is finally at an end after Oracle announced PeopleSoft, its rival business software maker, had accepted an improved purchase offer of $10.3 billion.