Deadline Dwindling for Oracle Merger Quiz
June 27, 2003
As the Oracle/PeopleSoft war of words and allegations wears on, Monday is the deadline for the U.S. Department of Justice (DOJ) or Federal Trade Commission (FTC) to request a secondary request for information from Oracle (Quote, Company Info), which is seriously pursuing a hostile merger with PeopleSoft (Quote, Company Info) for an estimated $6.3 billion.
This past week has been relatively quiet in the sense that there have been no legal filings or ramped up suits from PeopleSoft, who is trying to fend off Oracle, which said it is intent on becoming the No. 2 enterprise applications vendor to SAP (Quote, Company Info).
Oracle meanwhile has softened its stance a bit, dropping its condition that PeopleSoft not alter its bid for mid-market applications vendor J.D. Edwards. This was somewhat anticlimactic as PeopleSoft had already raised its bid from $1.7 to $1.75 billion. From its AppsWorld show in London, the Redwood Shores, Calif. outfit also said it would consider purchasing J.D. Edwards as well as PeopleSoft. Such a move would make it a powerful competitor to SAP, while at the same time keeping Microsoft's rising applications star at bay.
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