Business software maker PeopleSoft will acquire J.D. Edwards in a stock deal worth US$1.7 billion, the companies said Monday.
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.
PeopleSoft's board of directors has approved a takeover deal with Oracle worth around US$10.3 billion, ending a long-running and bitter battle and creating a major software maker.
Seeking to bring its US$10.3 billion buyout of PeopleSoft to a swift close, Oracle is giving PeopleSoft investors two days to tender at least 90 percent of their shares.
SAP has purchased TomorrowNow, a software company that provides support services for products sold by the former PeopleSoft and J.D. Edwards.
commentary "Software as a service" might yet take off, but that depends on how lucky--or how brave--IT managers feel these days.
As a few hardware and software suppliers come to increasingly dominate, companies must use caution, Gartner advises.
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.
OK. So anti-trust lawyers would have a field day but consider this -- the software giant is on an official spending spree and this is the best time to spread its wings ... to become the Coca-Cola of the IT industry.
Trial pitting Oracle against PeopleSoft turns into mating ritual of sorts, as sides quibble over money.
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