Oracle closes PeopleSoft deal

Oracle is closing its PeopleSoft acquisition today, after receiving more than 97 percent of PeopleSoft shares in its tender offer.

CNET News reports that Oracle set a deadline of Thursday evening for PeopleSoft investors to tender their shares, and was able to meet the 90 percent threshold to do a fast-track close on the deal and avoid a shareholder vote. A vote would have delayed closing the deal by four to six weeks.

CNET News | Oracle takeover: It’s a wrap

In a related development, eWeek reports that Oracle quietly replaced two top executives last week; an Oracle spokesperson said that any changes in executive roles will be announced on 26 January at Oracle’s analyst day event in New York, eWeek said, where Oracle plans to discuss PeopleSoft integration plans.

eWeek Enterprise Apps | Oracle Ousts Its Own Execs

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