In its latest pitch to take over its rival, Oracle said it has initiated plans for a proxy fight this spring. The Redwood Shores, Calif.-based software giant said it will nominate four men for PeopleSoft’s board of directors to take…
Oracle’s latest (and apparently its last) offer of $24 per share has triggered a maelstrom of opinions — most pointing toward a complete takeover of rival PeopleSoft. Analysts are quick to point out the revised offer worth an estimated $9.2…
UPDATED: European Union regulators will not obstruct Oracle’s hostile takeover bid for PeopleSoft, officials said Tuesday. After a lengthy probe, the European Commission (EC) said there was not enough evidence to suggest that competition would suffer under the current $7.7…
If Oracle is buying, PeopleSoft’s Dave Duffield isn’t selling — at least not at these prices. The founder and new CEO of the Pleasanton, Calif.-based software maker issued a memo to employees this week dispelling any rumors that he returned…
All eyes are on a Delaware Chancery Court judge now that Oracle’s lawsuit against PeopleSoft closed Friday. The two-weeks’ worth of testimony centered on Oracle’s request that PeopleSoft remove its Customer Assurance Program (CAP). The guarantee is a refund to…
Siebel Systems is padding its partnerships in an effort to advance its vision of on-demand CRM and Business Intelligence software, the company said Monday. The company announced at its User Week conference this week that it has inked a deal…
Analysis — The stars are aligning for Oracle’s acquisition plans for PeopleSoft, but analysts say customers need to set their compasses to watch all the players in enterprise software applications if the deal goes through. Two obstacles cleared out of…
SAN FRANCISCO — UPDATED: In its quest to thwart Oracle’s $7.7 billion hostile bid and remain a standalone company, PeopleSoft plans to partner with IBM for its middleware support, CEO Craig Conway said today. During a company-sponsored conference here, the…
A federal judge has cleared the way for Oracle’s $7.7 billion hostile takeover bid for PeopleSoft, but the plan still has many hurdles ahead. U.S. District Court Judge Vaughn R. Walker issued his 164-page ruling late Thursday saying the antitrust…
While it waits for a federal court to rule on its hostile bid for PeopleSoft, Oracle is keeping the deal in play. The database giant extended its previously announced tender offer of $21 for all of the common stock of…