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Novell Sold to Attachmate for $2.2 Billion

Nov 22, 2010, 16:33 (5 Talkback[s])
(Other stories by Sean Michael Kerner)

[ Thanks to James Maguire for this link. ]

"Goodbye Novell.

"After months of speculation about who might acquire Novell (NASDAQ:NOVL), the company announced today that it was being sold to enterprise software vendor Attachmate for $2.2 billion. The deal is set to close in the first quarter of 2011.

"Privately held Attachmate will be paying $6.10 per Novell share, which is a 9 percent premium over Novell's closing stock price on November 19, 2010. As part of the sale, Novell is also splitting out the sale of 'certain intellectual property assets' for $450 million, to a consortium led by Microsoft. It is unclear what those intellectual property assets include at this point. Novell did not respond to a request for comment by press time."

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