Oracle Cuts Credit Line For PeopleSoft

 
 
By eweek  |  Posted 2003-12-31
 
 
 
Oracle on Tuesday disclosed that it had slashed its credit line with banks to $1.5 billion from $5 billion but said that it still had plenty of money to buy PeopleSoft, which its trying to grab for $7.5 billion.

Read the full story at the Boston Globe.

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