Oracle, which has been counting PeopleSoft revenues as its own since December 29, took control of PeopleSoft two days before the end of 2004 and immediately started cleaning house, beginning with PeopleSoft's top managers. Oracle expects the deal to close by January 18 and is promising to publish a blueprint for the merged companies on January 14.
Oracle Extinguishes PeopleSoft? commented on 7 Jan 2005
So how many of the shares does it need, 90% or 100%? This seems to have ended real fast, compared with how long it took. Raw 21st century capitalism at its fastest!
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