Oracle may abandon PeopleSoft bid

Tuesday Nov 11th 2003 by DatabaseJournal.com Staff
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Report: Software firm says its $7.3B bid may not be viable after PeopleSoft revised refund program.

[From CNNMoney]

NEW YORK (CNN/Money) - PeopleSoft Inc. may have found a way to ward off Oracle Corp.'s $7.3 billion hostile takeover bid, but at a price.

In a filing with a Delaware court, Oracle said that a revised PeopleSoft program to offer its customers refunds of up to two to five times license fees may force it to abandon its bid for the company as it will "no longer be economically viable," the Wall Street Journal reported.

The article continues at http://money.cnn.com/2003/11/11/technology/oracle_psft/index.htm

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