Oracle wins right to pursue rival: PeopleSoft may have played their last hand:
Ellison and Henley wasted no time in firing off a letter to PeopleSoft’s board, requesting a meeting to hammer out a deal, potentially the largest tech merger since Hewlett-Packard and Compaq Computer in 2002.
We started covering this a long time ago. Back then (14 months ago), I said:
t’s worth saying that when this story broke, I thought it was just another egotistical Larry Ellison thing — something he did off the top of his head just for giggles, ego, and to shake up the competition. He’s something of a dashing playboy-type guy, and this would fit.
But more and more, it seems that he’s not kidding and he’s going to take PeopleSoft in whatever way he can. Money is on his side, time is on his side, and I believe the only thing that will stop the deal are the anti-trust considerations.
Looks like I was pretty close to the truth.