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Ending Bitter Fight, PeopleSoft’s Board Agrees to Merger With Rival Software Maker Oracle

After resisting for 18 months, PeopleSoft Inc. agreed on Monday to merge with the Oracle Corporation. The news came as a disappointment to many college officials who are wary about Oracle’s gaining control over PeopleSoft’s software products, which are widely used in higher education and which compete with Oracle’s own offerings.