January 7, 2005

Ending Bitter Fight, PeopleSoft Agrees to Merge With Oracle

By DAN CARNEVALE

After resisting for 18 months, PeopleSoft Inc. agreed in December to merge with the Oracle Corporation. The news came as a disappointment to many college officials, who are wary of Oracle's gaining control over PeopleSoft's human-resource and business-finance software products, which are widely used in higher education and which compete with Oracle's own offerings.

Oracle agreed to pay $26.50 per share to PeopleSoft shareholders in a takeover deal worth $10.3-billion. Both companies'

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