Oracle&#39;s Henley Says PeopleSoft Purchase Still `Very Important&#39;
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Oracle Corp. Chairman Jeffrey Henley said the software maker is determined pursue its $7.7 billion takeover of PeopleSoft Inc. after reporting its new applications software license business tumbled 36 percent last quarter.
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Oracle declined to comment on Conway&#39;s removal by PeopleSoft. But in a statement, chairman Jeff Henley said: &quot;We are now looking forward to the trial in Delaware of our claims
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PeopleSoft Inc. will push ahead with a marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracle Corp.'s $7.7 billion hostile takeover bid could succeed, PeopleSoft's chief executive said yesterday.
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Bolstered by investors, Oracle Corp. appears destined to complete its long-sought takeover of PeopleSoft Inc. unless its rival becomes more profitable and proves it&#39;s worth more than the $9.2 billion bid currently on the table.
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Â Oracle Corp.'s hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion is set to continue for a bit longer.
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PeopleSoft (PSFT) CEO Craig Conway isn&#39;t about to go down without a fight in his company&#39;s takeover tussle with rival Oracle (ORCL).
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Editor&#39;s note: The following excerpts are from Oracle CEO Larry Ellison&#39;s press conference Monday announcing an agreement to acquire PeopleSoft.
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PeopleSoft CEO Craig Conway says PeopleSoft&#39;s board will consider the implications of the court decision in Oracle&#39;s antitrust.
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&quot;The board concluded that PeopleSoft is worth substantially more than Oracle&#39;s latest offer. We are a vibrant, strong company with a focused, motivated management
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Oracle Corp. announced this morning that it has signed a deal to buy PeopleSoft Inc. for $10.3 billion, capping a bitter 18-month battle between the two software giants.
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EURO UNION antitrust regulators have given the thumbs up for Oracle to carry on with its hostile $7.7 billion bid to buy PeopleSoft.
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PeopleSoft has remained defiant in the long-running hostile takeover bid by Oracle, despite &#39;over 60%&#39; of its shareholders coming down in favour of its rival.
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Software maker PeopleSoft Inc. announced Monday that it had agreed to be acquired by Oracle Corp. in a $10.3 billion deal, ending one of the longest and nastiest takeover battles in recent corporate history.
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Oracle&#39;s (nasdaq: ORCL - news - people ) $10.3 billion blockbuster acquisition of PeopleSoft (nasdaq: PSFT - news - people ) is already yesterday&#39;s news.
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PeopleSoft said it could accept a takeover bid from Oracle and now needs time to weigh on it. Oracle has been haunting PeopleSoft for 15 months with the possible bid of $7.
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Business software maker Oracle on Tuesday promised to do everything it can to keep PeopleSoft&#39;s giant customer base, whose departure could threaten the financial success of its proposed $9.2bn takeover of the company.
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LARRY ELLISON, the chief executive of Oracle, has raised his offer to buy PeopleSoft by more than $1 billion, marking what could be the final salvo in a 17-month bidding war.