Tuesday, November 04, 2003

WSJ.com - Novell to Acquire SuSE Linux For $210 Million, Sets IBM Deal

WSJ.com - Novell to Acquire SuSE Linux For $210 Million, Sets IBM Deal: "Novell Inc. agreed to acquire Germany's SuSE Linux AG for $210 million and began talks with International Business Machines Corp. to extend commercial agreements between IBM and SuSE, a provider of Linux software and services.
In addition, IBM plans to buy $50 million of Novell's convertible preferred stock. Novell, of Provo, Utah, said it is negotiating with IBM to extend agreements for the support of SuSE Linux on IBM's eServer and middleware products.
Shares of Novell surged on news of the deal, rising $2.26, or 37%, to $8.31 in late morning trading on the New York Stock Exchange. Shares of Read Hat Inc., another Linux provider, were down $1.30, or 8.5%, to $14.08 on the Nasdaq Stock Market."

(A rare typo in a WSJ article, unless Red Hat has changed its name...)
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