October 15, 2004

Government Drops Challenge of Oracle's Bid for PeopleSoft

By DAN CARNEVALE

The U.S. Justice Department has decided not to appeal a court ruling that allowed the Oracle Corporation to continue a hostile bid to take over PeopleSoft Inc. The department's decision disappointed some college officials whose institutions use PeopleSoft software.

The Justice Department and 10 state attorneys general had sued in February to block the proposed $7.7-billion takeover, arguing that Oracle, PeopleSoft, and SAP, a German corporation, were the only three companies that offer

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