NEW YORK: Software provider Oracle Corp has raised its unsolicited takeover offer for PeopleSoft Inc by a third to US$9.4bil, signalling its determination to win over the latter's shareholders ahead of a key March vote.
Analysts said the new bid was compelling and saw Oracle’s bravado as a sign of confidence ahead of a crucial ruling from the US Department of Justice (DOJ) on whether the deal would be anti-competitive.
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