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.
Oracle surprised PeopleSoft on Friday with a $5.1 billion unsolicited takeover offer. But before this saga reaches its denouement, might a white knight surprise with a counterbid of its own?
I don't know whether Larry Ellison's completely lost it or if he's so darned smart that the rest of us are simply dolts by comparison.
Oracle may be celebrating its long-awaited union with PeopleSoft, but a day after the landmark deal not everyone is happy.
Oracle's biggest obstacle to acquiring rival PeopleSoft may be thousands of customers who fear their multimillion-dollar software investments are in jeopardy.
With so many forces mounting opposition to Oracle's hostile bid to buy PeopleSoft, cooler heads might suggest it's time to call it quits. But Oracle CEO Larry Ellison has never been one to follow conventional wisdom. Additional reading: Protect your software assets
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