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: Oracle has upped its offer for PeopleSoft to $24 per share, in what it called its final bid for the elusive enterprise applications company it has been trying to acquire since June 2003. The revised offer is $3 per…
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…
Enterprise software developers Sybase and PeopleSoft rolled out applications designed to make navigating the popular BlackBerry handheld device a little bit easier for business users. The BlackBerry — a device manufactured by Research in Motion (RIM) that can download e-mail,…
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…
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…
UPDATED: Citing a loss of confidence, PeopleSoft’s board of directors said it fired President and CEO Craig Conway in a unanimous vote that could have significant ramifications for the fate of the enterprise software company. The surprise announcement said PeopleSoft…
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…
