Update 3: Oracle Faces Tough Work After Takeover
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After a bruising fight to buy PeopleSoft Inc., business software maker Oracle Corp. faces even more grueling work to make sure its $10.3 billion prize pays off.
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Report: CEO Conway says effects from hostile takeover bid might be felt in current quarter. FRANKFURT  - Software provider PeopleSoft sees ongoing damage to its business from a protracted hostile
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Oracle Corp.&#39;s hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion is set to continue for a bit longer.
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For the past 18 months, Oracle has been locked in a battle to acquire rival PeopleSoft involving courtroom drama, poison pills, personal enmity and, recently, the departure of PeopleSoft&#39;s CEO Craig Conway.
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The Oracle-PeopleSoft takeover battle may have finally entered its endgame, with Oracle Corp upping its bid and for the first time imposing a deadline for PeopleSoft Inc shareholders to accept it.
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Â Oracle Corp.'s hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion is set to continue for a bit longer.
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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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PeopleSoft investors keep $9.2 billion bid in play, but the deal still faces hurdles.
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It&#39;s been a heck of a week for the software industry. First there was Oracle&#39;s Dec. 13 long-sought-after deal to acquire rival PeopleSoft (PSFT ) for $10.3 billion.
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One week after completing its takeover of PeopleSoft, Oracle began sending layoff notices to some of the 11,700 employees working at its former rival.
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The wrangling between PeopleSoftÂ  and OracleÂ has once again gone to the dogs.
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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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Members of the Oracle Applications User Group at this week's Connection Point 2004 said Oracle has made strides by rolling out new support tools and processes, but has more work to do to make their jobs easier.
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With Oracle cinching a critical antitrust victory on Thursday, PeopleSoft will find it increasingly difficult to resist its rival&#39;s $7.
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The bruising takeover battle is over. The blood-letting of 5,000 layoffs has started. Now comes the "soft" sell -- Oracle's strategic sweet talk to convince customers of the benefits of its acquisition of business-software rival PeopleSoft.
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Today's announcement of Oracle's $10.3 billion buyout of PeopleSoft Inc. isn't drawing rave reviews from the installed based of customers about to be acquired in the deal.
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InfoWorld - Although the threat of Oracle&#8217;s hostile takeover continues to cast a shadow over it, PeopleSoft is pressing on with plans to integrate into its product mix the enterprise applications it picked up last year in its acquisition of J.D. Edwards.