Oracle has vowed to “vigorously challenge” the Department of Justice’s decision to block the software maker’s attempt to purchase PeopleSoft for $9.4 billion. Because such litigation will extend beyond PeopleSoft’s annual shareholders’ meeting on March 25, Oracle said it will…
UPDATE:The Department of Justice has dealt a blow to Oracle’s $9.4 billion hostile bid to purchase rival software maker PeopleSoft , saying Thursday that it would hurt competition, stymie innovation and jack up prices in the industry. Assistant Attorney General…
In what has become serve-and-volley battle to win the influential stockholders, PeopleSoft Monday begun mailing proxy materials for a critical March 25 vote. The company is encouraging shareholders to vote for its nominated board candidates and to ignore the candidates…
Oracle moved to spark interest in its latest $9.4 billion offer for rival PeopleSoft by sending a letter to PeopleSoft shareholders asking them to support its revised bid and suggested board candidates. The letter, signed by Oracle CEO Larry Ellison…
Antitrust lawyers of the U.S. Department of Justice (DOJ) recommended against Oracle’s $9.4 billion takeover attempt of rival PeopleSoft, in what could be a major setback for the enterprise software company. In a statement, PeopleSoft said the DOJ had issued…
Oracle has ratcheted up its pressure on rival applications maker PeopleSoft by raising its cash buyout offer to $9.4 billion. The move comes as regulatory investigations to determine whether the merger would violate antitrust laws hurtle toward a conclusion. The…
Oracle will wait longer than expected to hear whether its bid for PeopleSoft is acceptable. The European Commission has put its in-depth investigation into the hostile takeover attempt on hold to request additional information from the database and applications vendor,…
Making good on its promise to focus on suites of Web services and enterprise management packages such as its Unicenter line, Computer Associates has sold off its business application subsidiary for $110 million in cash. The 90 percent ownership of…
Investor reaction was mixed Tuesday a day after Oracle said it might have to drop its $7.3 billion hostile bid for PeopleSoft over the enterprise software company’s licensing/rebate plans. On a light trading day Tuesday due to the Veteran’s Day…
Officials at TeaLeaf Technology, the only SAP spinoff, released RealiTea for businesses that want to track down Web site failures at the source. According to Geoff Galat, TeaLeaf vice president of product and marketing, said companies today need to focus…