PeopleSoft agrees to Oracle’s US$10 billion takeover bid

PeopleSoft agrees to Oracle’s US$10 billion takeover bid
The long and drawn-out soap opera between Oracle and PeopleSoft is finally over. Instead of heading to court today for a hearing on PeopleSoft’s anti-takeover defense, it was announced that PeopleSoft’s board of directors have agreed to a US$10.3 billion deal with Oracle. The deal is expected to be finalized by the end of January.