Oracle postponed a hearing on its lawsuit against PeopleSoft, the company said Tuesday, a day after federal antitrust regulators requested additional information to review the database maker's hostile takeover bid for its competitor.
Oracle received a second request for more information from the U.S. Department of Justice on Monday, as federal regulators formally investigate its hostile bid for PeopleSoft for possible antitrust issues.
With the megamerger between Oracle and Siebel Systems closed, Wall Street analysts are forecasting pink slips for Siebel employees.
Oracle laid out the pros and cons of nine potential acquisitions, offering in court documents a rare glimpse into the software maker's merger mindset when sizing up potential deals.
CEO Larry Ellison and other executives sounded off at Oracle's annual shareholder meeting on Monday, delving into topics such as shareholder dividends, political campaign contributions and--with the PeopleSoft bid a recurring topic--the company's acquisition strategy.
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