Giving evidence in the Delaware Chancery Court in a case brought by Oracle designed to dismantle the hostile takeover protections created by his company, PeopleSoft director, Steven Goldby revealed that the company may now be willing to discuss a merger - if the price is right.
Although he suggested that German software firm SAP AG was likely to be the main beneficiary of a merger between the two US business software manufacturers, Mr Goldby announced that a deal could be struck between PeopleSoft and Oracle if a higher price per share can be arranged, and if there is a "high certainty" that a merger could be quickly concluded.
Industry observers had suggested that talks between the two firms might be on the cards following the recent dismissal of PeopleSoft CEO, Craig Conway, and the Department of Justice's announcement that it would not be appealing the decision by Judge Vaughn Walker to allow Oracle to continue with its merger efforts.
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