Oracle, DoJ Gird For Legal Battle

Friday Jun 4th 2004 by Staff

The roots of Oracle's controversial takeover plan for PeopleSoft will come to light next week as the issue heads to trial.


One year ago, PeopleSoft (Quote, Chart) was happily preparing for its acquisition of J.D. Edwards, when Oracle (Quote, Chart) dropped a bombshell in the form of a hostile takeover.

The year that followed highlights just how the two companies and the two men that run them are struggling with the changing market for enterprise software.

Now, Oracle is days away from defending itself against the U.S. government's anti-trust lawsuit that looks to prevent the $7.7 billion hostile takeover from happening. Even if the Redwood Shores, Calif.-based database giant survives the legal battle, it may still face European regulators and a nasty proxy war from PeopleSoft shareholders.

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