The IT industry's best kept secret is out -- SAP is still up for grabs despite spurning its first suitor, Microsoft.
A federal judge handed Oracle a victory on Thursday, ruling that the company's acquisition of software rival PeopleSoft would pose no threat to competition in the corporate software market.
Software maker PeopleSoft reported on Monday that anyone that tries to buy the company could be on the hook for nearly US$2 billion in payouts to its customers.
After calling a professor of economics as its final witness, Oracle rested its case Thursday, ending testimony in its antitrust battle with the U.S. Justice Department.
PeopleSoft's board of directors has rejected Oracle's lowered bid to take over the company, calling the price "inadequate."
The IT industry's best kept secret is out -- SAP is still up for grabs despite spurning its first suitor, Microsoft.
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.
As early as spring last year, Oracle considered Lawson Software and J.D. Edwards as acquisition targets, according to a videotaped deposition of Oracle's chief financial officer.
Despite claims during the PeopleSoft-Oracle merger trial, Microsoft tries to get PeopleSoft clients to migrate to its software.
The software maker files plans to take over rival J.D. Edwards with the Justice Department and the Federal Trade Commission, despite being the target of an Oracle buyout bid.
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