Oracle tangles with feds over PeopleSoft acquisition
In 2004, the feds filed suit and claimed Oracle would kill competition and violate antitrust laws by acquiring PeopleSoft. A federal judge found that U.S. officials had failed to prove their case.
In December 2004, Oracle announced that it had agreed to pay $10 billion for PeopleSoft. In the aftermath, Oracle CEO Larry Ellison (pictured above in Washington D.C., with a friend) may have wanted PeopleSoft, but he wasn't soft on its people. He laid off more than half of the company's 11,000 employees a month after taking control.
August 22, 2012 12:02 PM PDT
Photo by: Daniel Terdiman/CNET
| Caption by: Greg Sandoval
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