WebProNews

Harsh Reality for PeopleSoft Employees

CNET News: "Oracle appears to be adding insult to injury in its merger with PeopleSoft - taking the unusual step of notifying workers of their termination by sending pinks slips via express mail to their homes.

Oracle Swallows up PEopleSoft

Oracle and PeopleSoft have been engaged in an 18th month battle which appears to finally be coming to a conclusion.

Oracle closes PeopleSoft deal

Oracle is closing its PeopleSoft acquisition today, after receiving more than 97 percent of PeopleSoft shares in its tender offer.

PeopleSoft Shakeout Begins At The Top

Oracle Corporation fired PeopleSoft's co-president and chief financial officer, Kevin T. Parker, and three other top executives, a day after assuming control of the rival software maker in a $10.3 billion takeover ...

Oracle Gains Control Over PeopleSoft

Oracle announced that PeopleSoft stockholders have tendered approximately 75 percent of PeopleSoft outstanding stock, giving Oracle control of the company.

Verizon Becoming A Player In Nextel/Sprint Merger

The potential merger between mobile phone companies Sprint and Nextel may have just hit a bump in the road.

Reaction To The PeopleSoft/Oracle Merger

When Internet-based companies, especially ones the size of Oracle and PeopleSoft, announce fundamental changes, responses are usually swift.

PeopleSoft Agrees To Oracle Merger

Software firm PeopleSoft has agreed to accept Oracle's proposal to buy the company. The agreement was for $10.3 billion or $26.50 a share. The agreed-upon total is an increase of the initial offering which was for $24 a share. The deal is expected to be complete by January 2005.

Oracle and PeopleSoft Battle Goes On

Two days after PeopleSoft shareholders tendered their stock for Oracle's $24-a-share offer, Oracle asked PeopleSoft's board to accept the offer.

PeopleSoft Rejects Oracle's Latest Offer

The PeopleSoft Board concluded that PeopleSoft is worth much more than the $24 per share price offered by Oracle. They reiterated that they will not sell the company for less than it is worth.