Oracle nails PeopleSoft

Larry Ellison must be one happy dude. He got Craig Conway fired, then took his company. This is one victory that Bill Gates can't take from him -- even IBM tried to make it difficult, but the PeopleSoft board caved before IBM could ink any lasting deal in January. PeopleSoft has agreed to let Oracle acquire it for US$10.3 billion. Both companies stock price rose with the news. The deal will make Oracle the number 2 player in supplying big businesses with software. BusinessWeek has an interview with Larry Ellison on the topic.

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