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PeopleSoft Goes To Oracle

Posted by Hemos on from the picking-up-the-pieces dept.

codecool writes "It is final. Peoplesoft's Board of directors finally relented and agreed to let Oracle have them for $26.50 per share. Finally, it all comes to an end." Closing date is set for mid-January timeframe.

3 of 216 comments (clear)

  1. Refunds??? by the-matt-mobile · · Score: 4, Interesting

    So, I wonder if PeopleSoft customers can take advantage of the full refunds on their software licenses that were being offered if Oracle succeeded. The article's a little short on details.

  2. many mergers/acquistions in the news today by theskeptic · · Score: 4, Interesting

    The top 4 out of 5 stories in the wsj.com site an hour back were-
    Peoplesoft-Oracle.
    JnJ- Guidant
    Sprint-Nextel
    Honeywell-Novar
    London Stock Exchange- Deutsche Boerse

    Lots of mergers/acquistions going on. Good for companies who want less competition. Bad for consumers.

  3. Re:Total value... by slyckshoes · · Score: 4, Interesting

    Correct me if I'm wrong, but I was under the impression that Oracle had little interest in PeopleSoft's products and more interest in removing a competitor. PeopleSoft and IBM are tight (PeopleSoft's products can be deployed on WebSphere, I believe) and purchasing PeopleSoft (and stopping development on their products) would not only remove a competitor, it would also be detrimental to IBM. That's why PeopleSoft created the poison pill, they feared that Oracle would buy them and then stop supporting their customers and instead foist their own solutions on them. If you've already got PeopleSoft + WebSphere, it's not so difficult to go with DB2 over Oracle, but if you have Oracle already, you'll buy their DB too.