Novell seeks rich suitors
May 20, 2010, 13:32 (1 Talkback[s])
(Other stories by Timothy Prickett Morgan)
"It looks like Novell has formally put itself up for sale after
rejecting the entreaties of a hedge fund two months ago.
"According to a report in the Wall Street Journal and confirmed
by a separate report from the New York Times, Novell had asked for
suitors looking to eat the company to put in initial bids by the
end of this week. The Journal report says that Novell's board would
then play The Dating Game, selecting some of the bidders and asking
them to give their final offers at some future date.
"Ian Bruce, Novell's chief spokesperson, would not comment on
the matter. But he did laugh when El Reg suggested that whatever
Novell does, would it please do something that wasn't boring."