The WSJ has the story here.
After more than a year of legal wrangling, PeopleSoft Inc. agreed to be acquired by Oracle Corp. for $26.50 a share, or about $10.3 billion.
The agreement, which comes 18 months after Oracle launched its hostile-takeover bid for Pleasanton, Calif.-based PeopleSoft, represents a $2.50 boost in Oracle’s last offering price. The deal has the approval of the boards of both companies and should close by early January.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more