The man is serious
I thought he was just trying to cause trouble and generate publicity using the theory that no press is bad press, but it appears that Ellison is serious about aquiring PeopleSoft. The offer of $26 per share is a 33 percent increase over the initial offer.
The market is skeptical that it will happen though, with PSFT shares priced at 22.75 this morning which is leaving a little over 14% on the table right now. Plus, PeopleSoft management is still fighting this tooth and nail. It will be interesting to see what happens at the shareholders meeting next month.