PeopleSoft Refunds May Be Costly for Oracle
From Bloomberg News
PeopleSoft Inc., the business-software maker battling a hostile bid from Oracle Corp., said a customer refund program could cost Oracle $800 million if it buys PeopleSoft and stops supporting or selling the company’s products.
In the second quarter, PeopleSoft promised to refund two to five times a customer’s money to reassure clients spooked by Oracle’s bid. The offers rose to $800 million as of Sept. 30 from $391 million on June 30, the company said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
