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LINUX-L  2010

LINUX-L 2010

Subject:

Novell Agrees to be Acquired by Attachmate Corporation

From:

Bill Merriam <[log in to unmask]>

Reply-To:

Platform Independent Linux List! <[log in to unmask]>

Date:

Mon, 22 Nov 2010 11:18:20 -0500

Content-Type:

text/plain

Parts/Attachments:

Parts/Attachments

text/plain (30 lines)

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Novell, Inc. (NASDAQ: NOVL), the leader in intelligent workload
management, today announced that it has entered into a definitive
merger agreement under which Attachmate Corporation would acquire
Novell for $6.10 per share in cash in a transaction valued at
approximately $2.2 billion. Attachmate Corporation is owned by an
investment group led by Francisco Partners, Golden Gate Capital and
Thoma Bravo. Novell also announced it has entered into a definitive
agreement for the concurrent sale of certain intellectual property
assets to CPTN Holdings LLC, a consortium of technology companies
organized by Microsoft Corporation, for $450 million in cash, which
cash payment is reflected in the merger consideration to be paid by
Attachmate Corporation.

http://www.novell.com/news/press/novell-agrees-to-be-acquired-by-attachmate-corporation


Selling Novell patents to Microsoft doesn't sound like it will be good
for Linux.

Bill
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