Peoplesoft and Oracle Still Battling
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Pleasanton based Peoplesoft says its board remains convinced that Oracleâs $24 a share bid is inadequate and the board says it will not sell the company for less than itâs worth.
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Ziff Davis - The long wait for a decision in the government's antitrust trial against Oracle has prompted the company to extend the deadline yet again for its &#36;7.7 billion attempted buyout of PeopleSoft.
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PeopleSoft Inc.  on Tuesday denied an analyst report that its executives recently met with Oracle Corp. , the rival software vendor that last year launched a hostile bid for PeopleSoft.
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A bruising Silicon Valley takeover battle was set for another round after a judge ruled Oracle can pursue its 7.7 billion-dollar hostile takeover bid for rival business software maker PeopleSoft.
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PeopleSoft's board turns down Oracle's "best and final" offer. But the database software giant is still on the prowl.
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Oracle may be breathing fire down its neck with an ongoing hostile takeover effort, but PeopleSoft is trying to withstand the siege and stay independent. The business software company has struck a pact with IBM to woo customers and bolster its business, although there's plenty of debate over whether Big Blue will pull off a dramatic rescue.
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The standoff between Oracle and PeopleSoft is once again at an impasse, as PeopleSoft's board refuses to sell the company at the price Oracle has offered, and Oracle refuses to raise its bid.
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Although Oracle still faces obstacles in its $7.7 billion hostile takeover bid, analysts said yesterday's court rejection of the U.S. Department of Justice's attempt to block the deal on antitrust grounds is a blow for PeopleSoft.
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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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PeopleSoft CEO Craig Conway, who has spent 15 months fighting off Oracle&#39;s hostile takeover attempt, said his company is digging in for a battle it expects to last many more months.
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Ziff Davis - PeopleSoft continues on the upgrade path despite the threat of a takeover by Oracle.
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Oracle Corp. extended its hostile bid for PeopleSoft Inc. for the 12th time, pushing the tender offer through Oct. 8.
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While PeopleSoft continues to fend off OracleÂs takeover bid, a subplot is unfolding in the world of corporate software.
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It&#39;s the little victories... As Oracle (nasdaq: ORCL - news - people ) awaits the resumption of its court battle with takeover target PeopleSoft (nasdaq: PSFT - news - people ), two of the software giant&#39;s
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Oracle increased its takeover bid for rival software company PeopleSoft yesterday, probably the final roll of the dice in what has been an acrimonious battle.
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WALNUT CREEK, Calif. - PeopleSoft Inc. rebuffed Oracle Corp.&#39;s latest hostile takeover bid, vowing to fight the $9.2 billion offer even if a majority of shareholders supported it.
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At its user conference yesterday, Oracle continued to send out mixed messages about how it will support PeopleSoft products if it succeeds in its $9.2bn (Â£4.8bn) takeover bid for its rival.