Hostile Takeover
Hostile Takeover
Hostile Takeover
Corporate Finance
Poenaru Alexandru
Comments:
Oracle wanted to consolidate their position in the software industry.
Acquiring PeopleSoft, meant that there would be only two big companies
that provide software for financial, human-resources and other business
functions, Oracle and SAP.
Oracle needed PeopleSoft to bolster its business-applications business,
which trailed both SAP and PeopleSoft.
References:
1. http://online.wsj.com/articles/SB110293586982698273
2. "PeopleSoft Inc.- Company Profile, Information, Business Description,
History, Background Information on PeopleSoft Inc."
3. "Oracle to PeopleSoft: The pink slip's in the mail"