BEA Systems is expected to let Oracle's US$6.7 billion buyout offer expire, as the two rivals dig their heels in deeper.
PeopleSoft offered a glimpse at the price of blocking Oracle's hostile takeover bid in a regulatory filing Monday.
US Federal regulators said on Monday that the pending merger of PeopleSoft and J.D. Edwards is not anticompetitive, clearing the way for the friendly US$1.7 billion deal and frustrating Oracle's desire to acquire PeopleSoft in a separate, hostile takeover bid.
European antitrust regulators are set to announce Tuesday whether they will block Oracle's hostile takeover bid for rival PeopleSoft.
European antitrust regulators ruled Tuesday that Oracle can proceed with its hostile takeover bid for PeopleSoft, clearing the last regulatory hurdle in the protracted and sometimes tumultuous battle.
The two-year hostile takeover battle between Oracle and PeopleSoft has apparently not left Dave Duffield winded.
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.
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?
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.
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.
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