DOJ, Oracle Ready Witness Lists for Trial on Takeover

May 5, 2004

For a battle that's dragged on for nearly a year, next month's trial is looming as perhaps an end to the question: Will Oracle Corp. prove successful in its $9.4 billion hostile takeover bid of rival PeopleSoft Inc.?

If it's up to the U.S. Department of Justice, Oracle won't prevail.

Both Oracle and the Justice Department are readying preliminary witness lists as they work to hone their courtroom strategies. The finalized lists are due May 18, according to news reports.

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