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Report: Novell To Sell Itself in Two Parts
The New York Post reported Wednesday morning that Novell has agreed to "a deal in principle" to sell itself in two separate parts to two separate buyers.
The New York Post reported that Waltham, Mass.-based Novell has agreed to "a deal in principle" to sell itself in two separate parts to two separate buyers.
According to the article, the first buyer is a "strategic buyer" who will pick up the Linux SUSE part of the business, with a "a private-equity firm picking up much of the rest," according to several anonymous sources "close to the deal."
"Both deals are expected to close simultaneously," the article continues, "and the company will be de-listed, according to one source, who noted that the talks are in a sensitive stage and could fall apart." Read the full article here.
Novell has not commented on the report.
Novell launched in 1983 and was a large player in the Windows, network and software market with products such as NetWare, GroupWise and WordPerfect. It moved into the Linux space with its acquisition of SUSE in 2003.
In March of this year, the company rejected a takeover bid from Elliott Associates estimated at $1 billion.
About the Author
Becky Nagel is vice president of AI for 1105 Media, where she specializes in training internal and external customers on maximizing their business potential via a wide variety of generative AI technologies as well as developing cutting-edge AI content and events. She's the author of "ChatGPT Prompt 101 Guide for Business Uses," regularly leads research studies on generative AI business usage, and serves as the director of AI Boardroom, a new resource for C-level executives looking to excel in the AI era. Prior to her current position she was a technical leader for 1105 Media's Web, advertising and production teams as well as editorial director for a suite of enterprise technology publications, including serving as founding editor of PureAI.com. She has 20 years of enterprise technology journalism experience, and regularly speaks and writes about generative AI, AI, edge computing and other cutting-edge technologies. She can be reached at bnagel@1105media.com.