Oracle's message to PeopleSoft: Our offer is “serious”

Software giant pushes ahead with hostile takeover bid, SAP plans marketing blitz aimed at PeopleSoft and J.D. Edwards customers
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|hrreporter.com|Last Updated: 06/12/2003

S

oftware maker Oracle Corp. is pushing ahead with its hostile takeover bid for rival PeopleSoft Inc. despite legal threats and pressure from PeopleSoft shareholders for a better deal.

The two companies have an acrimonious relationship that has been marked by sniping between the two chief executive officers — Oracle’s Larry Ellison and PeopleSoft’s Craig Conway. Conway worked under Ellison at Oracle from 1985 to 1993.