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Oracle Takes Its Case To PeopleSoft Users--Again
The database giant is fighting to get its proposed $6.3 billion bid to the people--as in PeopleSoft shareholders-and also convince PeopleSoft customers that a combined Oracle-PeopleSoft would not spell disaster for their applications. Oracle has tried to reassure customers that it will continue to support existing PeopleSoft implementations, in some cases for longer than PeopleSoft itself had promised (see story).
Earlier this week, PeopleSoft, Pleasanton, Calif., said federal regulators had approved its planned $1.75 billion buyout of J.D. Edwards (see story).
PeopleSoft and Oracle, Redwood Shores, Calif., have engaged in a war of press releases since Oracle launched its hostile bid on June 6. In the intervening weeks, the two companies have sued each other, and the state of Connecticut lodged its own antitrust action against Oracle. And, for good measure, J.D. Edwards jumped in with its own suit against Oracle.
On Monday, Oracle again extended its existing tender offer till midnight August 15. The offer was to have expired July 18.
For more, see the CRN PeopleSoft News Center.