Oracle Offers $5.1B PeopleSoft Takeover Bid

Share this article:
Oracle Corp. offered to buy all outstanding shares of CRM software provider PeopleSoft last week for $5.1 billion, or about $16 per share, in a move that may abort PeopleSoft's acquisition of J.D. Edwards & Company.


The buyout offer begins today, according to Oracle, Redwood Shores, CA. Oracle said it would not actively sell PeopleSoft products to new customers if the takeover were successful, though it would provide support for existing PeopleSoft products and incorporate PeopleSoft software features into future releases of its Oracle eBusiness Suite.


In announcing the takeover bid, Oracle noted that PeopleSoft's purchase of J.D. Edwards is not scheduled for completion until the fall. "Once Oracle's acquisition of PeopleSoft is complete, it will review whether, and on what terms, Oracle would support that transaction," the company said in a statement.


Both Oracle and PeopleSoft compete against business software provider SAP, and the takeover could strengthen Oracle's position in the business applications market.


Share this article:
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

Acxiom Mobilizes and Socializes SMBs

Acxiom Mobilizes and Socializes SMBs

MyAcxiomPartner.com enables simple campaigns for social and mobile channels.

Data Builds Trust for Nonprofits Through Accountability

Data Builds Trust for Nonprofits Through Accountability

Transparency doesn't just apply to for-profit organizations; fundraisers need to be held accountable, too.

Teradata Puts Stock in Marketers

Teradata Puts Stock in Marketers

A new enhancement in its Demand Chain Management helps retailers max sales with the correct inventory.