Oracle may be celebrating its long-awaited union with PeopleSoft, but a day after the landmark deal not everyone is happy.
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.
Increasing competitive pressure from SAP and the entry of Microsoft into the business applications market spurred Oracle to launch its hostile bid for PeopleSoft last year, Oracle CEO Larry Ellison testified on Wednesday.
Software maker PeopleSoft on Thursday formally rejected Oracle's $5.1 billion hostile takeover bid, saying the deal raises significant antitrust issues and "dramatically undervalues" the company.
After its top-secret merger negotiations with SAP were revealed this month, Microsoft's motivation for the deal was quickly identified: The software giant was looking to gain long-sought enterprise clout through the German company's upscale customer base.
Increasing competitive pressure from SAP and the entry of Microsoft into the business applications market spurred Oracle to launch its hostile bid for PeopleSoft last year, Oracle CEO Larry Ellison testified on Wednesday.
Oracle may be celebrating its long-awaited union with PeopleSoft, but customers, employees and competitors have reason to worry.
After its top-secret merger talks with SAP were revealed, Microsoft's motivation for the deal was quickly identified: its interest in the German company was sparked by growth limits in the business software market.
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