PeopleSoft Spurns Oracle's Hostile Takeover Bid

from the and-the-fight-is-on dept

As expected, PeopleSoft’s board today said no thanks to Oracle’s hostile offer to buy them. So, now the fight begins. In their statement on the matter, PeopleSoft was clearly trying to convince their shareholders of the damage the deal would do for them. They say that even if shareholders accepted the offer, it would probably never get anti-trust approval, wasting everyone’s time and money. Now the question is how hard will Larry Ellison push for this deal, or will he just accept the fact that his publicity stunt worked and move on?

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...