December 3, 2004
Oracle Advances in Bid to Take Over PeopleSoft as Most Shareholders Say They Are Ready to Sell
The owners of more than 60 percent of PeopleSoft's stock indicated last week that they would sell their shares to the Oracle Corporation, bringing Oracle another step closer to taking over its software rival. PeopleSoft makes a number of products used widely in higher education.
The development came as a disappointment to some college officials who use PeopleSoft software. They have frequently expressed concern that if Oracle takes over the company it would eventually force PeopleSoft
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