Oracle Chief Executive Larry Ellison testified Friday that he and his board of directors came close to a merger with PeopleSoft in 2000, and had expected that last year's takeover bid would have been accepted within a matter of weeks.
Oracle's 18-month hostile takeover battle for PeopleSoft came to an end on Friday evening with a single phone call.
Attorneys general from approximately 30 states this week ramped up their review of Oracle's US$6.3 billion unsolicited bid for PeopleSoft, according to sources.
Oracle attorneys displayed internal PeopleSoft documents during testimony Thursday that showed the company was indeed concerned about growing competition in business applications from Microsoft and Lawson Software.
Oracle has asked the Delaware Chancery Court to give it until September 15 to decide on a hearing date for its lawsuit against PeopleSoft.
A single phone call on Friday evening brought the long-running Oracle-PeopleSoft fight to a close, Oracle President Chuck Phillips revealed.
In the midst of a hostile takeover battle for PeopleSoft, database giant Oracle already eyeing Siebel Systems.
The government's decision to try to block Oracle's bid for PeopleSoft dismissed a potentially dangerous competitor, analysts say: Microsoft.
Could Larry Ellison's court performance have clinched Oracle's bid to buy PeopleSoft?
The US Justice Department charges have been rejected, making way for Oracle's US$7.7 billion PeopleSoft merger. What does the future hold? Additional reading: New twist in software licensing
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