Editing PeopleSoft (section)

=== Oracle Corporation acquisition ===
Beginning in 2003, [[Oracle Corporation|Oracle]] began to maneuver for control of the PeopleSoft company.  In June 2003, Oracle made a $13 billion bid in a [[hostile takeover]] attempt. In February 2004, Oracle decreased their bid to approximately $9.4 billion; this offer was also rejected by PeopleSoft's [[board of directors]]<!--comment
Previous sentence says $9.4 billion is a 33% increase on $13 billion, assuming this is a typo but will eave for someone else to edit ...-->. Complicating Oracle's takeover attempt was PeopleSoft's [[Shareholder rights plan|poison pill]], allowing their customers to potentially receive refunds of 2–5 times the amount they had paid in the case of a takeover.<ref>{{cite web|date=11 November 2003|title=Oracle chokes on PeopleSoft's poison pill|url=https://www.theregister.co.uk/2003/11/11/oracle_chokes_on_peoplesofts_poison/|work=The Register}}</ref>

Later that month, the [[U.S. Department of Justice]] filed [[lawsuit|suit]] to block Oracle, on the grounds that the acquisition would break [[antitrust]] laws. In September 2004, the suit was rejected by a [[United States|U.S.]] [[Federal judge]], who found that the Justice Department had not proven its antitrust case. In October, the same decision was handed down by the [[European Commission]]. Although Oracle had reduced its offer to $7.7 billion in May, it again raised its bid in November to $9.4 billion.

In December 2004, Oracle announced that it had signed a definitive merger agreement to acquire PeopleSoft for approximately $10.3 billion.  A month after the acquisition of PeopleSoft, Oracle cut over half of PeopleSoft's workforce, laying off 6,000 of PeopleSoft's 11,000 employees.<ref name="staff">{{cite web|date=14 January 2005|title=Oracle to PeopleSoft: The pink slip's in the mail|url=http://news.cnet.com/Oracle-to-PeopleSoft-The-pink-slips-in-the-mail/2100-1014_3-5536612.html|access-date=3 August 2012|website=CNET}}</ref>

Oracle moved to capitalize on the perceived strong brand loyalty within the JD Edwards user community by rebranding former JD Edwards products. Thus PeopleSoft EnterpriseOne became JD Edwards EnterpriseOne and PeopleSoft World became JD Edwards World.{{citation needed|reason=Information not included in sources on this page.|date=January 2016}}

Oracle announced in 2005 that [[Oracle Fusion Applications|Fusion Applications]] would combine the best aspects of the PeopleSoft, JD Edwards, and Oracle Applications and merge them into a new product suite. The product was released in 2011.<ref name=Kanaracus>{{cite web|last=Kanaracus|first=Chris|title=Oracle Fusion Applications Are Finally Generally Available|url=https://www.pcworld.com/article/241175/oracle_fusion_applications_are_finally_generally_available.html|work=PC World|accessdate=7 October 2011|date=5 October 2011}}</ref>