Monday, November 22, 2010

Novell to be bought for $2.2B by Attachmate - Mass High Tech Business News

Hmm – perhaps Attachmate will do the tear-down and then sell the SUSE business

After months of rumors about a possible purchase, Novell Inc. reports it is going to be acquired by Attachmate Corp. for $2.2 billion, while at the same time selling off some intellectual property to a group including Microsoft Corp. for $450 million, which is part of the $2.2 billion.
Washington state-based Attachmate will pay $6.10 per share for all shares of Waltham-based Novell (Nasdaq: NOVL). Following the close of the deal, expected in early 2011, Attachmate says it will split Novell into two business units, separating the SuSE Linux business from the Novell networking business. If the deal falls apart, Novell will pay Attachmate $60 million as a termination fee.

Novell to be bought for $2.2B by Attachmate - Mass High Tech Business News

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