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Dark horse Attachmate buys Novell with Microsoft's help

Nov 22, 2010, 20:03 (0 Talkback[s])
(Other stories by Steven J. Vaughan-Nichols)

[ Thanks to Steven J. Vaughan-Nichols for this link. ]

"VMware wanted to buy Novell, but the virtualization company didn't want to buy everything that Novell's board wanted to sell. At the same time, Microsoft had made it clear that it hated the idea of VMware, a Microsoft rival, ending up as Novell's owner. The result was that Attachmate ended up buying Novell for $2.2-billion while Microsoft paid $450-million for as yet un-named Novell intellectual property.

"Attachmate has agreed to acquire Novell for $6.10 per share in cash. Attachmate, which got its start as a terminal emulation company in 1982, is privately held. Its primary owners are the private equity firms Francisco Partners, Golden Gate Capital and Thoma Bravo. Today, the Attachmate side of the company still works in X Window and terminal emulation. Its other half, NetIQ, sells and services systems and security management software."

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