Peoplesoft Partners Shocked, Thrilled
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Company founder and former CEO Dave Duffield is now back aboard full time, replacing the ousted former CEO Craig Conway. Solution providers, while shocked at Conway&#39;s unexpected departure, were largely thrilled that Duffield is back full throttle.
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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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PeopleSoft Inc. PSFT.O, fresh from  firing its chief executive amid a hostile takeover bid from  Oracle Corp. ORCL.O, on Monday said quarterly revenue would  exceed Wall Street's expectations, helped by an increase in  customers making larger orders for its business software.
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The database king finally nabs more than 90% of PeopleSoft's outstanding shares.
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Fresh off a surprising legal victory in its bid to acquire PeopleSoft, Oracle reported a 16 percent jump in profit Tuesday, beating Wall Street&#39;s estimate by a penny.
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U.S. stocks rallied on Monday after  software maker PeopleSoft Inc. PSFT.O accepted rival Oracle  Corp.'s ORCL.O $10.3 billion sweetened buyout offer and other  big deals fueled expectations for more takeovers.
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Ening a bitter battle, PeopleSoft's board has finally approved a deal worth around $10 billion Oracle says.
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After 18 months of bickering, litigation, executive shuffling, antitrust rulings, and revised offers from Oracle, the PeopleSoft Board finally decided to accept Oracle&#39;s most recent offer of $26.50 per share.
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The news that Oracle has formerly taken control of PeopleSoft and that David Duffield has resigned as PeopleSoft&#39;s CEO comes as no surprise.
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Oracle has signed a definitive agreement to acquire PeopleSoft for $26.50 (Â£13.79) per share, or about $10.3bn. The transaction has been approved by both companies&#39; boards of directors and is expected to close by early January.
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NEW YORK (CBS.MW) -- PeopleSoft shares jumped over 8 percent Friday after the software company fired CEO Craig Conway in a move viewed as paving the way for a new takeover bid from rival Oracle Corp.
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Oracle may be the big winner in PeopleSoft&#39;s firing of CEO Craig Conway. PeopleSoft offered little convincing rationale for the ouster, and speculation centered on the possibility that it is
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âSee you next year in Las Vegas ,â proclaimed a marquee at the PeopleSoft user conference in San Francisco in late September. It was one of many not-so-subtle attempts by the company to reassure its customers
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Calpers joins group of big PeopleSoft investors backing a $9.2 billion Oracle buyout.
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NEW YORK - Newly optimistic investors sent stocks sharply higher Friday, propelling the Dow Jones industrials 110 points higher, as new economic data showed strength in manufacturing and the departure of PeopleSoft Inc.'s chief executive created excitement over a possible merger in the tech sector. The markets were poised to end the week appreciably higher...
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The great debate over the impact of Oracle's hostile takeover of PeopleSoft has all the big industry analyst organizations weighing in. However, in most of the analysis one group's opinion seems to have been overlooked: that of PeopleSoft users.
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Lack of faith never looked so good. As regular readers of Faces In The News are aware, earlier this month the board of PeopleSoft (nasdaq: PSFT - news - people ) ousted Chief Executive Craig Conway.