9 Biggest Buyouts in Internet Stocks History
These multibillion-dollar buyouts weren't all winners
#2. Oracle Acquires Peoplesoft
Purchase Value: $10.4 billion
Inflation Adjusted Price: $12.9 billion
It was a contentious takeover that took more than a year to pull off, but Oracle (ORCL) managed to snatch up PeopleSoft in 2004. The web-based human resources software firm was very much on the cutting edge, a precursor to cloud-based HR solutions that have now become ubiquitous.
In fact, one of the current internet stocks, Workday (WDAY), was founded by the former PeopleSoft CEO who got back in the game after the bitter takeover fight with Oracle.
Article printed from InvestorPlace Media, http://investorplace.com/2014/02/internet-stocks-goog-msft-aol-fb/.
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