Oracle Offers $9.4 Billion for PeopleSoft

February 4, 2004

[From internetnews.com]

Oracle (Quote, Chart) has ratcheted up its pressure on rival applications maker PeopleSoft (Quote, Chart) by raising its cash buyout offer to $9.4 billion.

The move comes as regulatory investigations to determine whether the merger would violate antitrust laws hurtle toward a conclusion.

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