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Network World Fusion: Report: IBM, Intel come to aid of struggling SuSE Linux

Aug 30, 2001, 21:39 (31 Talkback[s])
"Open-source software maker SuSE Linux has narrowly avoided insolvency after investors agreed to a new round of financing, according to a newspaper report. Backers will provide the struggling German company with 50 million euros ($45.5 million) in fresh funding, the Frankfurter Allgemeine Zeitung said in its Thursday edition, citing unnamed industry sources.

'With the new round ... IBM will apparently get on board,' the paper said, mentioning Big Blue's recent support for the Linux operating system. Other SuSE investors pumping in more cash include Intel and the venture capital firm Apax Partners, according to FAZ.

SuSE spokesman Christian Egle confirmed that the company is in negotiations with potential investors, adding 'it looks good,' but declined to confirm any details."

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