June 14, 2003

PeopleSoft sues Oracle after all

The lawsuit filed in Alameda County Superior Court calls for an injunction against Oracle in pursuing its $5.1 billion offer for PeopleSoft. This move contradicts earlier reports from Oracle that PeopleSoft would not pursue a court battle. Such a change of heart is to be expected in what is a very fluid situation between the two companies and PeopleSoft's own acquisition target J.D. Edwards.

Link: theregister.co.uk

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