Tuesday, October 26, 2004

Oracle's bid for PeopleSoft cleared by European Commission

In a decision largely expected, European antitrust regulators today ruled that Oracle can go ahead with its hostile bid for PeopleSoft. That's one more hurdle out of the way for Oracle.

The remaining hurdles include take down of PeopleSoft's poison pill takeover defense, removal of PeopleSoft's so-called customer assurance program (which gives large payments to recent PeopleSoft customers if Oracle suspends support for PeopleSoft products), and PeopleSoft board approvel (which will probably come down to a matter of price).

It's not a done deal yet, but it looks a lot more likely than it did three months ago.

ZDNet has an article on the European ruling.

Related posts
Duffield: PeopleSoft not for sale
Rumor: Duffield in no mood to give in to Oracle
Another PeopleSoft executive exits
Oracle confidential information released by court
Why PeopleSoft fired CEO Conway

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