p2pnet.net News View:- The PeopleSoft Soap Opera seems to have been wrapped.

Oracle Corp says it’s signed a definitive merger agreement to acquire PeopleSoft for $10.3 billion ($26.50 per share) and that the deal, approved by the boards of directors of both companies, should close by early January.

Now, "We intend to enhance PeopleSoft 8 and develop a PeopleSoft 9 and enhance a JD Edwards 5 and develop a JD Edwards 6,"ays said Oracle cedo Larry Ellison.

"We intend to immediately extend and improve support for existing JD Edwards and PeopleSoft customers worldwide."

Oracle says it’s amending its current tender offer for all outstanding shares of PeopleSoft to expire at midnight, New York City time, on December 28, 2004.

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See:-
Soap Opera – The PeopleSoft, Oracle saga, p2pnet, November 20, 2004
definitive merger – Oracle and PeopleSoft Sign Definitive Merger Agreement, Oracle, December 13, 2004

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