PeopleSoft Completes J.D. Edwards Deal - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

PeopleSoft Completes J.D. Edwards Deal

It finished the acquisition by buying the remaining shares it didn't own.

PLEASANTON, Calif. (AP) - Business software maker PeopleSoft Inc. on Friday announced the completion of its $1.8 billion acquisition of rival J.D. Edwards by buying the few remaining shares that it didn't already own.

The move was a formality--Pleasanton-based PeopleSoft took control of Denver-based J.D. Edwards on July 18 after accumulating an 88 percent stake in the company.

The takeover creates the world's second-largest maker of business applications software behind industry leader SAP of Germany. Redwood Shores-based Oracle Corp. is trying to seize the No. 2 position by buying PeopleSoft in a $7.5 billion hostile takeover.

PeopleSoft has spurned Oracle's $19.50-per-share cash offer, but the unwelcome suitor has refused to abandon its pursuit.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Becoming a Self-Taught Cybersecurity Pro
Jessica Davis, Senior Editor, Enterprise Apps,  6/9/2021
News
Ancestry's DevOps Strategy to Control Its CI/CD Pipeline
Joao-Pierre S. Ruth, Senior Writer,  6/4/2021
Slideshows
IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Slideshows
Flash Poll