PeopleSoft agrees sale to Oracle

PeopleSoft has agreed to be bought by Oracle for $10.3 billion.

Oracle chief executive Larry Ellison raised his offer for the California software maker 10% to $26.50 a share from $24.

The agreement ends a battle that sparked three court cases, cost PeopleSoft CEO Craig Conway his job and took more than $1 billion in sales from PeopleSoft.