dcsimg
RealTime IT News

Chronology of a Merger

Oracle's dogged pursuit of PeopleSoft was rewarded on December 13, 2004, as PeopleSoft's board of directors agreed to sell the company for $10.3 billion.

The announcement ended 18 months of tense legal battles and market unrest that shook PeopleSoft.

Below is a look back at some of the key highlights in the fight to merge the business application giants.

internetnews.com's Chronology of a Merger
June 2, 2003 The merger between PeopleSoft and J.D. Edwards creates a business software giant.
June 6, 2003 Days after PeopleSoft's J.D. Edwards purchase, Oracle offers to buy PeopleSoft for $5.1 billion.
June 11, 2003 PeopleSoft reneges on plan to seek a temporary restraining order to slow Oracle's advances.
July 12, 2003 J.D. Edwards sues Oracle while PeopleSoft rejects Oracle's takeover offer.
June 14, 2003 PeopleSoft sues over Oracle's takeover bid.
June 20, 2003 The second in a string of rejections by PeopleSoft's board over Oracle's bid.
June 30, 2003 The DoJ wants more information from Oracle about its PeopleSoft intentions.
July 1, 2003 Oracle postpones its lawsuit against PeopleSoft after government inquiry.
July 14, 2003 The DoJ grants PeopleSoft permission for J.D. Edwards buy.
July 18, 2003 PeopleSoft closes J.D. Edwards purchase.
October 2, 2003 DoJ may step in and thwart Oracle purchase attempt of PeopleSoft.
January 26, 2004 Oracle proposes its own slate for PeopleSoft board.
February 26, 2004 DoJ files antitrust lawsuit to block Oracle's PeopleSoft bid.
March 2, 2004 Oracle denies asking Microsoft for help against DoJ's antitrust suit.
March 11, 2004 The mid-tier market becomes a concern for U.S. District Court Judge Vaughn R. Walker.
April 1, 2004 European regulators get their shot at Oracle.
May 21, 2004 Oracle, PeopleSoft CEOs to meet with officials to answer questions about the takeover bid.
June 4, 2004 Oracle and the DoJ prepare for legal battle as court date draws near.
June 24, 2004 Gates' e-mail, which discusses a Microsoft stake in PeopleSoft, comes up for discussion in court.
July 21, 2004 DoJ attempt to block Oracle's takeover goes to the judge.
September 9, 2004 Judge declares Oracle free to buy PeopleSoft in blow to DoJ.
October 1, 2004 PeopleSoft drops CEO Conway from helm.
October 26, 2004 Oracle's European obstacle no more -- EU clears the company to buy PeopleSoft.
November 1, 2004 Oracle increases its offer for PeopleSoft to $24 per share.
November 10, 2004 PeopleSoft board urges company to reject latest, and apparently final, Oracle offer.
November 24, 2004 Judge postpones his decision on PeopleSoft's fate for more information.
November 25, 2004 Oracle to nominate four members for PeopleSoft board to tip the balance in its direction.
December 13, 2004 PeopleSoft's board agree to sell the farm for $10.3 billion.