CNET News.com: Corel says in "best interest" to end Inprise deal

"Software maker Corel and programming toolmaker Inprise today agreed to end a proposed billion-dollar merger, leaving Corel to find other forms of financing."

"The move isn't surprising, as Inprise, formerly known as Borland, recently requested a second evaluation of Corel's financial records. Ottawa-based Corel has come under hard times, facing dwindling cash reserves and a sinking stock price. "

"Much has changed since the merger was agreed to more than three months ago," said Corel CEO Michael Cowpland. "As a result, Corel has concluded that it is in our best interest to terminate this agreement at this time." Cowpland emphasized Corel and Inprise had parted on amicable terms. "Although at this point the merger didn't proceed as planned, it hasn't changed our strategic focus."

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• National Post: Corel and Inprise in last-ditch talks(May 14, 2000)
• Globe and Mail: Corel shares tumble to 5-month low(May 14, 2000)
• Newsbytes: Inprise Stalls On Corel Deal(May 12, 2000)
• VNU Net: Corel: Linux or bust?(May 11, 2000)
• CNET News.com/Reuters: Doubts mount about Corel's Inprise/Borland deal(May 04, 2000)
• VNU Net: Corel digs deep for cash(May 04, 2000)
• PC Week: Inprise second-guesses Corel merger(Apr 29, 2000)
• InfoWorld: Inprise seeks advice on Corel merger terms(Apr 28, 2000)
• The Register: Inprise to investigate 'fairness' of Corel takeover(Apr 28, 2000)