PeopleSoft Bows to Oracle
Ending an 18-month David vs. Goliath drama, PeopleSoft announced today that it has agreed to Oracle’s $10.3 billion acquisition bid. That price translates to $26.50 per PeopleSoft share, lower than the company had been pushing for but high enough to satisfy PeopleSoft’s shareholders, according to CEO David Duffield. Now the companies must overcome the bitter animosity and name-calling of the past year and a half (at one point former PeopleSoft CEO Craig Conway called Oracle CEO Larry Ellison “sociopathic”) and begin the difficult process of merging their corporate cultures and software development operations.
The deal may be a net loss for the Silicon Valley economy, as Ellison says that jobs will be cut at both companies. On the other hand, Oracle’s long-expected victory (PeopleSoft rejected five earlier bids) could help the company compete against Germany’s SAP, the market leader in business applications software.
Deep Dive
Uncategorized
Five poems about the mind
Work reinvented: Tech will drive the office evolution
As organizations navigate a new world of hybrid work, tech innovation will be crucial for employee connection and collaboration.
I taught myself to lucid dream. You can too.
We still don’t know much about the experience of being aware that you’re dreaming—but a few researchers think it could help us find out more about how the brain works.
Is everything in the world a little bit conscious?
The idea that consciousness is widespread is attractive to many for intellectual and, perhaps, also emotional
reasons. But can it be tested? Surprisingly, perhaps it can.
Stay connected
Illustration by Rose WongGet the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.