PeopleSoft Finally Accepts Oracles Offer B
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The final result was an impressive 6,000-page case study written in a conversational and human tone in a first-person tense (I, me, my). I am the world’s top expert case study writer, and this was my 2nd writing assignment for PeopleSoft. The PeopleSoft acquisition, as we all know, is the biggest in history for Oracles. The news shocked the industry, and the media reported it at every opportunity. PeopleSoft, a software vendor that provides enterprise resource planning (
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Oracle CEO Mark Hurd (right) was reportedly confident about PeopleSoft going private. The $54.2 billion purchase was a $14 per share offer from Oracle and has not yet received the shareholder approval required by PeopleSoft. PeopleSoft (NASDAQ: PER) is known for its ERP software and services, including Siebel, PeopleSoft and Ultra. Since PeopleSoft has been acquired by Oracle, its stock has dropped from $61 to $51 per share, as of today. find more info At the
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“Oracle acquires PeopleSoft; PeopleSoft acquires Oracle.” The most important and the most famous announcement was PeopleSoft’s $2.3 billion offer for Oracle: “PeopleSoft acquires PeopleSoft for approximately $2.3 billion in cash and stock.” This is a critical milestone: Oracle finally accepts PeopleSoft’s overwhelming offer and merges the two organizations to form Oracle’s next big cloud initiative. Oracle will make $2 billion a year from PeopleSoft
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My experience and personal opinion as a world’s top case study writer and expert: Oracle’s offer to acquire PeopleSoft in October last year was a very tempting one. It could have offered to pay more than $7 per share, which is an all-time high in the IT industry. But then again, PeopleSoft had been struggling with declining sales, and a potential merger with Oracle would have given it a huge boost. But there was one thing that stopped Oracle’s offer: its CEO, Larry Ellison, wanted to sell
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Oracle bought PeopleSoft, the biggest software company in the field of enterprise resource planning, on June 19, 2004, paying a price tag of $7.4 billion. At the time, this was seen as a big gamble by Oracle. As the new CEO of Oracle, Larry Ellison, was quoted as saying, “we had to do something radical to compete in the ERP software industry.” Oracle’s move was to take on the incumbent, PeopleSoft Inc. One of the most famous
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Earlier this year Oracle bought PeopleSoft from Electronic Data Systems (EDS) and merged it into its Enterprise Management System (EMS) — This was a big step towards a unified enterprise software system from Oracle. While EDS, the previous owner, was known primarily as an IT systems integrator, PeopleSoft, a software vendor, had long been a part of Oracle’s business, supplying a variety of software solutions across the enterprise landscape. So, for those of you who know Oracles history and Oracle business, let