It has negotiated a $1.5 billion line of credit and says it has enough financial resources on hand to close the deal.
Oracle has raised another $1.5 billion to fund its $7.5 billion hostile takeover bid for PeopleSoft.
In a filing with the Securities and Exchange Commission, Oracle said it has negotiated the $1.5 billion line of credit with ABN Amro Bank NV, Credit Suisse First Boston, and other lenders. Oracle said it had enough financial resources on hand Nov. 30 to complete the deal--$8.1 billion.
Earlier, Oracle had extended the deadline for its initial offer from Dec. 31 to Feb. 13, 2004. PeopleSoft has been resisting the hostile acquisition bid and says it's confident it will ward off the unsolicited tender offer.
The takeover bid has been delayed as antitrust regulators in Europe and the United States examine the issue.
[Interop ITX 2017] State Of DevOps ReportThe DevOps movement brings application development and infrastructure operations together to increase efficiency and deploy applications more quickly. But embracing DevOps means making significant cultural, organizational, and technological changes. This research report will examine how and why IT organizations are adopting DevOps methodologies, the effects on their staff and processes, and the tools they are utilizing for the best results.
IT Strategies to Conquer the CloudChances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.