Oracle Buys PeopleSoft 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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It has agreed that the company should be sold to Oracle for $26.50 a share, roughly $10.3 billion, $1.5 billion more than Oracle&#39;s now-famous &quot;best and final&quot; offer.
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Oracle Corp. raised its takeover offer for PeopleSoft Inc. by 14 percent to $8.8 billion, increasing the pressure on the smaller software company to give up its 17-month fight against the bid.
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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 Corp. ORCL.O on Monday said  rival business software maker PeopleSoft Inc.'s PSFT.O board  has accepted a sweetened purchase offer of about $10.3 billion,  ending a long and bitter hostile takeover battle.
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PeopleSoft Inc.  on Monday agreed to a sweetened &#36;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., the world&#39;s second-largest software firm, made what it called its last and best offer for rival PeopleSoft Inc. on Monday in a takeover battle that has now raged for almost a year and a half.
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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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Oracle Corp.  on Monday said rival business software maker PeopleSoft Inc.'s  board has accepted a sweetened purchase offer of about &#36;10.3 billion, ending a long and bitter hostile takeover battle.
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Oracle sweetened its hostile bid for rival business software maker PeopleSoft to $9.2 billion, a 14% increase aimed at resolving the long-running takeover battle between the bitter foes.
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By Richard Waters in San Francisco and Paul Taylor in New York. PeopleSoft succumbed to a sweetened $10.3bn (Â£5.22bn) takeover offer from Oracle yesterday, putting an end to a bitter 18- month battle that
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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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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Monday agreed to a sweetened $10.3 billion buyout by rival software maker Oracle Corp.
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SAN FRANCISCO, Dec. 13 -- Software maker PeopleSoft Inc. announced Monday that it had agreed to be acquired by Oracle Corp. in a &#36;10.3 billion deal, ending one of the longest and nastiest takeover battles in recent corporate history.
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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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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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Ening a bitter battle, PeopleSoft's board has finally approved a deal worth around $10 billion Oracle says.