Oracle has offered to purchase rival BEA Systems for US$17 per share, a total of about US$6.66 billion in cash -- but BEA rejected the offer as too low.
Oracle is sketching a broad outline of its US$10 billion PeopleSoft merger plans, but it's keeping major details, such as how many workers it plans to lay off, under wraps.
Oracle co-President Charles Phillips on Monday outlined a case for challenging the U.S. Justice Department's lawsuit blocking his company's hostile US$9.4 billion bid to buy PeopleSoft.
As Oracle presses on with its hostile bid for PeopleSoft, only a "few" shares have been tendered at this point, top Oracle executive Chuck Phillips said Friday.
Oracle has said it will consider buying PeopleSoft even if the proposed merger with J.D. Edwards goes through, and more acquisitions may be on the cards.
Project Fusion will provide a common basis for all Oracle applications and compete head-to-head with the German rival's NetWeaver middleware.
Software maker Oracle said on Monday it will acquire rival Siebel Systems in a deal worth US$5.8 billion, marking the second major competitor the company has targeted since mid-2004.
In the midst of a hostile takeover battle for PeopleSoft, database giant Oracle already eyeing Siebel Systems.
A single phone call on Friday evening brought the long-running Oracle-PeopleSoft fight to a close, Oracle President Chuck Phillips revealed.
The rivalry is nothing new, but Ellison's acquisition strategy is infusing it with new vigour -- and may redefine an industry.
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