Oracle takes PeopleSoft bid to court
Oracle will appear in court in the US next Monday to fight for its $7.7bn hostile bid for rival Peoplesoft, just over a year since it began its campaign.
Link: Oracle discounts bid for PeopleSoft https://www.accountancyage.com/News/1136870
The software giant is scheduled to formally dispute the Department of Justice’s definition of the business application suite market as being too narrow, a definition, which is key to its battle for rival PeopleSoft.
Oracle believes Microsoft, Siebel and smaller vendors should be included within the definition, as well as PeopleSoft, SAP and Oracle.
The trial is expected to take four weeks. But even after this, the deal still faces scrutiny from European regulators.
Analysts believe the bid, and subsequent legal manoeuvrings, have had little impact on customers.
‘At the moment, this isn’t adversely affecting the customers. It has been diverting some attention for some people in upper management at PeopleSoft,’ said David Bradshaw, principal analyst at Ovum.