Green light for PeopleSoft - J.D. Edwards deal
eWeek | at | by Mike
Even as PeopleSoft Inc. readies to complete its acquisition of J.D. Edwards & Co., Oracle Corp. is affirming its continued interest in buying PeopleSoft. One of the last hurdles to PeopleSoft's acquisition of J.D. Edwards has been removed, PeopleSoft disclosed on Monday. The U.S. Department of Justice has said that the proposed deal does not need to wait the entire period specified under the Hart-Scott-Rodino antitrust law and is free to go forward, PeopleSoft officials said.
Enterprise software developer PeopleSoft, of Pleasanton, Calif., last month offered to buy Denver-based J.D. Edwards for $1.7 billion. That would make PeopleSoft the No. 2 enterprise applications maker, jumping ahead of Oracle but still trailing SAP AG.