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Oracle's Hostile Takeover Bid For PeopleSoft

Posted by ryuzaki0 on from the what-do-the-vapors-say dept.

rkuris writes "Oracle has launched a 5.1 billion dollar cash hostle takeover bid against Peoplesoft. PeopleSoft's CEO Craig Conway (a former top executive for Oracle) called Oracle's offer 'atrociously bad behavior from a company with a history of atrociously bad behavior.' 'Obviously it is a transparent attempt to disrupt the [1.7 billion dollar friendly] acquisition of J.D. Edwards by PeopleSoft announced earlier this week.' The week's events have reopened old wounds between the companies, which have a history of hostility and name calling."

1 of 229 comments (clear)

  1. $5.1bn ? by Rosco+P.+Coltrane · · Score: 0, Flamebait

    That's a bunch of money. I didn't realize Oracle was that rich. I don't know Oracle that much, but I thought they basically sold a sequel database on steroid, and did related services : can anybody inform me here ?

    --
    "A door is what a dog is perpetually on the wrong side of" - Ogden Nash