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 may be pressing on with a nearly three-month-old unfriendly quest to buy PeopleSoft, but to PeopleSoft CEO Craig Conway, Oracle's bid is all but dead.
Oracle, which announced a surprise bid to acquire PeopleSoft last Friday, has asked to meet with the business software maker to explain its intentions.
In a letter to shareholders, PeopleSoft chief executive Craig Conway defended his company's rejection of a hostile US$9.4 billion buyout bid from Oracle and asked shareholders to reject Oracle's attempt to gain control of its board.
PeopleSoft is offering customers money-back guarantees to prevent them from fleeing to rivals in fear of a hostile takeover by Oracle.
The board is only telling half the story behind the surprise firing of PeopleSoft's CEO.
Is PeopleSoft's founder and long-time chief executive back at the helm to accept Oracle's takeover bid, or to dig in for a long-term battle?
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.
Could Larry Ellison's court performance have clinched Oracle's bid to buy PeopleSoft?
Oracle's hostile takeover of PeopleSoft sets the stage for a slugfest in the enterprise apps space but where does this leave Mr Customer?
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The cash-strapped UK National Museum of Computing is home to an exhibition of the evolution of British PCs.… Watch it now
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