Oracle Takes Over Rival PeopleSoft
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The Oracle Corporation has taken control of PeopleSoft, ending an 18-month fight and making Oracle the world&#39;s second-largest maker of business-management software.
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Oracle (Quote, Chart) has taken majority ownership of PeopleSoft (Quote, Chart) after that company&#39;s stockholders tendered roughly 75 percent of their shares in favor of the $10.3 billion acquisition.
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Oracle chalked up a key victory Friday in its battle to acquire PeopleSoft, with investors agreeing to sell the suitor 60 percent of PeopleSoft&#39;s outstanding 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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Business software giant Oracle announced Monday that it has signed a definitive agreement to acquire rival PeopleSoft after sweetening its offer by 10% to approximately &#36;10.3 billion.
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OracleÂ has taken over control of PeopleSoftÂ by buying 75 percent of the PeopleSoft's outstanding shares from its stockholders, Oracle announced Wednesday.
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Oracle Corp. ORCL.O can  celebrate a ruling by a U.S. judge that it can take over  archrival PeopleSoft Inc. PSFT.O, but analysts say the  world's second biggest software maker has a battery of other  barriers to overcome before a deal is clinched.
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PeopleSoft Inc. PSFT.O on  Monday agreed to a sweetened $10.3 billion buyout by rival  software maker Oracle Corp. ORCL.O, 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.  said on Wednesday it has taken control of PeopleSoft Inc. , now that about 75 percent of PeopleSoft's shareholders have tendered their shares.
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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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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.
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REDWOOD SHORES, Calif. -- Software giant Oracle Corp. said Wednesday that stockholders of rival PeopleSoft Inc. have tendered about 75 percent of the company&#39;s outstanding shares, granting Oracle control of the company.
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PeopleSoft Inc. capitulated to Oracle Corp., accepting a sweetened $10.3 billion takeover offer to end an 18-month battle that pitted PeopleSoft against its investors and led to the ouster of its chief executive.
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Oracle Corp. ORCL.O has replaced  PeopleSoft Inc.'s PSFT.O co-presidents, after taking control  of the rival software maker earlier this week, according to a  regulatory filing.
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Oracle Corp. announced Monday that it has signed a definitive merger agreement to acquire PeopleSoft Inc. for approximately &#36;10.3 billion.
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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 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.