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PC Week: Corel to buy Inprise for $2.4B

Feb 07, 2000, 17:28 (3 Talkback[s])
(Other stories by Margaret Kane)

"Corel Corp. today announced its intentions to acquire Inprise/Borland Corp. in a $2.44 billion stock swap that the companies say will create a "Linux powerhouse."

"Both firms have recently refocused their businesses around the open-source operating system after going through several directional shifts. Corel has at times developed Java applications, handheld devices and office suites. Recently, it announced a major Linux initiative, launching a desktop version of Linux in November as well as plans for Linux versions of its Office suite and CorelDraw and Photo Paint packages later this year."

"Inprise/Borland recently announced plans to offer a Java development environment for Linux and said Kylix, its set of rapid application development tools for Linux, will be released later this year."

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