"Corel Corp. is scrambling to secure alternative financing
and looking to chop $40 million from its operating budget, after a
deal to buy California's Inprise/Borland Corp. collapsed yesterday
under the weight of investor opposition."
"Much has changed since the merger was agreed to more than three
months ago," said Corel chief executive Michael Cowpland in a
"As a result, Corel has concluded it is in our best interest to
terminate the agreement at this time."
"The collapse of the deal, which would have brought some $140
million in cash into Corel's coffers, leaves the company on a
precarious financial footing."
Some of the products that appear on this site are from companies from which QuinStreet receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. QuinStreet does not include all companies or all types of products available in the marketplace.