The price of purchasing PeopleSoft (Quote, Chart) just dropped by
$1.7 billion, Oracle (Quote, Chart) executives said Friday.
The Redwood Shores, Calif.-based database software vendor said it has
revised its tender offer for all of the outstanding shares of PeopleSoft to
$21 per share, or approximately $7.7 billion. Previously, Oracle was
prepared to shell out $26 per share, or $9.4 billion, for its rival.
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