Despite claims it made during the PeopleSoft-Oracle merger trial, Microsoft has announced a program to help PeopleSoft customers, including large enterprise clients, migrate to Microsoft software products.
Oracle dropped the axe Friday in the US, announcing plans to lay off 5,000 workers in its effort to squeeze costs out of its US$10.3 billion software merger with PeopleSoft.
Oracle's 18-month hostile takeover battle for PeopleSoft came to an end on Friday evening with a single phone call.
PeopleSoft has quadrupled the size of the minimum severance package for its employees and doubled it for executives, as Oracle's hostile bid got a recent boost in the courts.
Decisions by a United States court and European Union officials to effectively clear regulatory hurdles from the path of Oracle's proposed US$7.7 billion acquisition of PeopleSoft are poised to persuade Australian competition regulators to green-light the transaction.
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?
Oracle may be celebrating its long-awaited union with PeopleSoft, but customers, employees and competitors have reason to worry.
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