Oracle Finally Strikes a Deal

Monday Dec 13th 2004 by Bradley L. Jones
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And that's our final offer... — Not! Oracle finally is acquiring PeopleSoft.

Eighteen months later and $2.50 higher than their final offer, Oracle announced today that they have signed a definitive merger agreement to acquire PeopleSoft, Inc. The cost was $26.50 a share which is said to be $2.50 higher than the final offer they made in early November. This gives an overall value of $10.3 billion for the acquisition.

For more on this acquisition see Oracle to Buy PeopleSoft for $10.3B at InternetNews.com.

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