This news article describes the hostile takeover of PeopleSoft by Oracle in 2003. It details the events leading up to the acquisition, the legal battles, and the impact on both companies and the software industry.
It marked the high point in a period of tech industry takeover mania, and the zenith of Oracle ’s transition from a database company which also does applications to a business apps giant also present in the database market. Days after its completion, Oracle announced it was laying off around half of PeopleSoft’s workforce.."The thing about the Oracle acquisition of PeopleSoft was that it was a hostile takeover.
PeopleSoft's poison-pill promise to give its customers between two to five times their licensing fees back following a takeover could scupper its bid. Lykkegaard said Oracle was the only one of the big applications companies to create a next-generation platform from scratch."From one point of view, it devised a strategy and followed it," he said.
Oracle's Apps Unlimited policy, together with PeopleSoft and JD Edwards popularity among users, have created barriers to the preferred upgrade path.Support specialist Rimini Street found in contempt of court for continued Oracle copyright infringements
Technology Mergers And Acquisitions Oracle Peoplesoft ERP
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