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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."

2 of 229 comments (clear)

  1. Re:What exactly *IS* a hostile takeover anyways? by dimator · · Score: 4, Funny

    TWO clicks later, I'm at this node, and am now going to waste anywhere from 1 hour to the rest of the day clicking nodes... thank you very much for linking to e2.

    --
    python -c "x='python -c %sx=%s; print x%%(chr(34),repr(x),chr(34))%s'; print x%(chr(34),repr(x),chr(34))"
  2. Re:What exactly *IS* a hostile takeover anyways? by Anonymous Coward · · Score: 2, Funny

    Speaking of poison pills, perhaps it would be a good idea for PeopleSoft to Open Source their products and change their business from development to support. Considering their target audience, support should be a viable business and a takeover would be less attractive to Oracle as they wouldn't gain control of the source.