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.’s Chronology of a Merger
June 2,
The merger between
PeopleSoft and J.D. Edwards creates a business software giant.
June 6,

Days after PeopleSoft’s J.D. Edwards purchase,
Oracle offers to buy PeopleSoft for $5.1 billion.
11, 2003
PeopleSoft reneges on plan to
seek a temporary restraining order to slow Oracle’s advances.
12, 2003
J.D. Edwards sues Oracle
while PeopleSoft rejects Oracle’s takeover offer.
14, 2003
PeopleSoft sues over
Oracle’s takeover bid.
20, 2003
The second in a string of
rejections by PeopleSoft’s board over Oracle’s bid.
June 30,
The DoJ wants
more information from Oracle about its PeopleSoft intentions.
July 1,
Oracle postpones its
lawsuit against PeopleSoft after government inquiry.
July 14,
The DoJ grants PeopleSoft
permission for J.D. Edwards buy.
July 18,
PeopleSoft closes J.D.
Edwards purchase.
2, 2003
DoJ may step in and thwart Oracle purchase attempt
of PeopleSoft.
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,
Oracle denies asking Microsoft
for help against DoJ’s antitrust suit.
11, 2004
The mid-tier market becomes a concern
for U.S. District Court Judge Vaughn R. Walker.
April 1,
European regulators get their
shot at Oracle.
May 21,
Oracle, PeopleSoft CEOs to meet
with officials to answer questions about the takeover bid.
June 4,
Oracle and the DoJ prepare for legal battle
as court date draws near.
June 24,
Gates’ e-mail, which discusses
a Microsoft stake in PeopleSoft, comes up for discussion in court.
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.
1, 2004
PeopleSoft drops CEO Conway from helm.
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.
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.

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