“Software developer Corel Corp. said Monday it had struck a deal
to acquire Internet access software and services firm
Inprise/Borland Corp. in a $2.44-billion deal designed to
capitalize on the growing Linux market.”
“The arrangement, which offers Inprise/Borland shareholders
0.747 of a Corel common share for each share in Inprise/Borland,
will give Inprise/Borland shareholders approximately 44 percent
ownership of Corel.”
“This gives us a real end-to-end solution from tools all the way
to the suite on Linux and gives us clearly the largest set of Linux
technology from any company,” Corel Chief Executive Michael
Cowpland told Reuters. “We found a really excellent fit with
virtually no redundant technology.“