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Sold! PeopleSoft goes to Oracle for $10bn
News PeopleSoft's board of directors has approved a takeover deal with Oracle worth around $10.3bn, ending a long-running and bitter battle and creating a major software maker. Oracle had been scheduled to appear in court on... [13 Dec 2004]
'PeopleSoft's profits plummeting' says Oracle exec
News Catz was testifying under cross examination in the second week of a court case launched by Oracle to remove PeopleSoft's anti-takeover measures, said Jim Finn, an Oracle spokesman. The anti-takeover... [12 Oct 2004]
Ellison: PeopleSoft wanted merger in 2000
News Conway, who was fired the week before, in part over his statements to analysts related to the takeover bid, took the stand earlier in the week and admitted to vilifying Oracle's proposed buy. Oracle CEO... [11 Oct 2004]
Oracle wins bitter antitrust case
News In reaction to the ruling, Oracle called for PeopleSoft to drop the defences it had erected against the takeover attempt. US District Court Judge Vaughn Walker sided with Oracle against the US Department... [10 Sep 2004]
PeopleSoft farce: Larry - what were you thinking?
Comment The irony is that defending against antitrust charges is relative child's play when compared with the enormity of making a multibillion-dollar software takeover work in practice. IBM similarly pulled off a successful -... [19 Jul 2004]
Oracle and DoJ put it in writing
News The Justice Department is suing Oracle to block the software company's proposed hostile takeover of PeopleSoft. Oracle and the US Department of Justice... [14 Jul 2004]
Analysis: Ellison's defining moment
Comment District Judge Vaughn Walker rule in favor of the Justice Department's challenge to the takeover. There was certainly no love lost between Conway and Ellison, who took turns sniping at... [05 Jul 2004]
PeopleSoft and Oracle had previously talked merger
News PeopleSoft executives have also opposed the takeover offer. Oracle is facing the Department of Justice in an antitrust trial. The Justice Department... [28 Jun 2004]
Emails show PeopleSoft feared Microsoft competition
News Oracle is attempting a hostile takeover of PeopleSoft, a chief rival in the market for software packages that businesses use to manage payroll, human resources and related functions. The evidence presented in San... [18 Jun 2004]
SAP to defend Oracle
News The Justice Department contends that a $9.4bn takeover of PeopleSoft by Oracle would leave just two competitors - SAP and Oracle - in that software niche. Software maker SAP plans to... [09 Mar 2004]
PeopleSoft brings forward Oracle boardroom battle
News The move is a critical step in its efforts to complete a hostile buyout of its software rival: PeopleSoft's board has twice rejected an Oracle tender offer and has the power to overturn anti-takeover measures that are... [02 Feb 2004]
Oracle looks to a future without PeopleSoft
News The company is also fighting for control of PeopleSoft's board to overturn anti-takeover measures PeopleSoft management enacted. The company is waiting for regulatory approval from both the US Department... [28 Jan 2004]
Ellison still 'determined' to acquire PeopleSoft
News Oracle Chief Executive Larry Ellison has repeated his determination to acquire rival PeopleSoft, but was cagey about whether he would raise the offer price of his hostile takeover bid. Oracle has extended the date four... [10 Sep 2003]
PeopleSoft boss: Oracle saga is over
News Conway and his team rejected Oracle's offers and shifted into overdrive, filing a lawsuit against Oracle, enacting an anti-takeover measure, spending weekends visiting customers and investors and more. [28 Aug 2003]
Ellison says Oracle can wait for PeopleSoft prey
News Oracle CEO Larry Ellison on Tuesday predicted PeopleSoft will post lacklustre financial results during the next several quarters, a weakness that could sway support for Oracle's hostile takeover. He conceded, however,... [16 Jul 2003]
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