Oracle Makes Bid for PeopleSoft

“Oracle on Friday announced a surprise $5.1 billion takeover bid for enterprise software maker PeopleSoft, only a few days after PeopleSoft said it was acquiring rival J.D. Edwards for $1.7 billion. Oracle is offering $16 cash per share for each share of PeopleSoft, a roughly 6 percent premium over PeopleSoft’s closing price Thursday of $15.11.” Read more at ZDNet.

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