The clock is really ticking on Oracle's US$8.8 billion PeopleSoft bid.
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.
PeopleSoft wants to interview a half dozen Oracle executives for its California lawsuit against Oracle for alleged unfair business practices, according to a filing with the Alameda County Superior Court late Wednesday.
PeopleSoft has amended a lawsuit against Oracle that charges its rival's unwelcome acquisition bid was mainly designed to disrupt its business.
A district court judge on Wednesday set a June 7 trial date in the Justice Department's lawsuit to block Oracle's hostile bid for PeopleSoft.
A single phone call on Friday evening brought the long-running Oracle-PeopleSoft fight to a close, Oracle President Chuck Phillips revealed.
The government's decision to try to block Oracle's bid for PeopleSoft dismissed a potentially dangerous competitor, analysts say: Microsoft.
For Henning Kagermann, the first six months of the year have been a challenge.
With so many forces mounting opposition to Oracle's hostile bid to buy PeopleSoft, cooler heads might suggest it's time to call it quits. But Oracle CEO Larry Ellison has never been one to follow conventional wisdom. Additional reading: Protect your software assets
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