Oracle wins antitrust case, can pursue PeopleSoft
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Oracle can pursue its 7.7 billion hostile takeover bid for rival business software maker PeopleSoft, a federal judge has ruled in a stunning setback for the US Justice Department.
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As expected, the European Commission announced Tuesday it has ruled that Oracle Corp. can proceed with its hostile acquisition attempt of PeopleSoft Inc.
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AN FRANCISCO, Sept. 10 - The federal court ruling issued Thursday that allows Oracle to proceed with its hostile bid to acquire PeopleSoft removes a major roadblock to the merger.
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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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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 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. 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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â¢ 2004-11-22 â¢ Oracle has won a key victory in its battle to acquire PeopleSoft, with PeopleSoft&#39;s investors agreeing to sell Oracle 60 per cent of PeopleSoft&#39;s outstanding shares.
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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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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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REDWOOD CITY, Calif. -- Oracle Corp. moved closer to victory in its $8.8 billion hostile takeover bid for PeopleSoft Inc.
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By Spencer Swartz SAN FRANCISCO  - PeopleSoft Inc. will push ahead with a new marketing alliance with IBM and other initiatives despite a recent court ruling that bolstered Oracle Corp.'s $7.7-billion hostile bid to acquire the company, PeopleSoft's CEO said on Tuesday.
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A federal judge handed Oracle Corp. a major victory Thursday when he ruled that the software giant&#39;s $7.7 billion hostile bid to gobble up rival PeopleSoft Inc.
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NEW YORK - While Oracle Corp. awaits a judge's decision on whether it can continue in its quest to acquire PeopleSoft Inc., the company faced a setback in an unrelated case. An appeals court on Wednesday ruled that a three-year-old shareholder lawsuit charging Oracle and several of its top executives with misleading investors about Oracle's performance may proceed, overturning a lower court's dismissal.
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The long-running battle for control of business software company PeopleSoft looks to have finally been concluded in rival Oracle&#39;s favour.
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European Union antitrust regulators cleared Oracle Corp.&#39;s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc.
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PeopleSoft will push ahead with a new marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracleâs $7.