Friday, June 25, 2004

Gates took a look at PeopleSoft

Gates took a look at PeopleSoft "Microsoft Corp. Chairman Bill Gates considered making a minority investment in PeopleSoft Inc. to help the company remain independent and fight a hostile takeover bid from Oracle Corp.
In an e-mail dated June 7, 2003, the day after Oracle announced its offer, Gates wrote to Microsoft Chief Executive Steve Ballmer that the bid for PeopleSoft "made me wonder if we should approach them and suggest a minority investment to bolster their independence in return for a modest platform commitment."
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