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Understanding the Novell Deal (and when we'll learn more)

Nov 25, 2010, 03:03 (0 Talkback[s])
(Other stories by Andy Updegrove)

"Two days have now passed since Novell announced the high-level terms of its proposed sale, and so far the press has not been able to prize any additional details out of the parties involved. As a result, speculation is rife on several key points, and especially with respect to the 822 patents that Novell proposes to sell to a consortium of companies, only one of which has been disclosed: Microsoft.

"Given this dearth of information and the fact that I've been a transactional lawyer for over 30 years, I'll use this blog entry to lay out those things that can be known, those that can't (yet) be known, and when we can expect additional disclosures. (This is a long blog post, so if you have a short attention span and only care about Linux, that bit is at the end.)

"First, though, some ground rules and disclaimers: This blog entry is not based on access to the detailed documents summarized in the 8-K. As a result, what I am providing are my assumptions based on typical deal practice as I have experienced it. This means that this blog entry absolutely does not represent legal advice to anyone – and especially not to any Novell stockholder that may be considering whether or not to vote to approve the transactions discussed below, or to buy or sell Novell stock in the meantime."

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