Link: Oracle finally reaches deal to buy PeopleSoft for $10.3B - Dec. 13, 2004.
Oracle has finally reached an agreement to acquire People Soft. Oracle's CEO Larry Ellison has sorted through all the legal battles and price negotiations to settle on a $10.3B acquisition. Oracle will still trail behind the German Giant SAP, however Ellison has stated that he has no plans of stopping his growth through aquisitions policy. Oracle has stated interest in buying out a smaller group BEA systems for probably about $3.5B. The improved economy has spurred on a lot of talk about big mergers to come soon, but this is definately quite a start.
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