Oracle Takes Control of PeopleSoft
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Oracle Corp. early Wednesday declared that it had won control of PeopleSoft Inc. after stockholders tendered about 75 percent of the outstanding shares of the Pleasanton, Calif.
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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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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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The Oracle Corporation has taken control of PeopleSoft, making Oracle the world's second-largest maker of business-management software.
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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 (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 has bought 75% of the PeopleSoft's outstanding shares from its stockholders, and it has already appointed four members to the PeopleSoft board.
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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. 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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After a bitter 18-month battle Oracle Corp has taken control of more than 60 percent of outstanding shares of rival business software group PeopleSoft.
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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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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 has signed an agreement to acquire PeopleSoft for about $10.3 billion, the companies said this morning.
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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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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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Attempts by PeopleSoft to fend off a hostile takeover by Oracle took a surprising turn Friday. PeopleSoft&#39;s board of directors fired Chief Executive Officer Craig Conway.
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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.