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Software // Enterprise Applications
News
7/28/2003
02:45 PM
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A Bigger Bid

Oracle last week filed its amended offer to buy PeopleSoft Inc. with the Securities and Exchange Commission. Oracle has raised its takeover bid for the rival software maker to $7.5 billion, a $1.2 billion increase from its previous bid. Although Oracle isn't increasing its per-share bid price, its total purchase offer is increasing to account for an additional 53 million shares of PeopleSoft stock being issued as part of that vendor's recent $1.8 billion acquisition of J.D. Edwards & Co. Oracle's bid is scheduled to expire on Aug. 15, but the company has said that it would likely extend the deadline.

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