Financial Daily from THE HINDU group of publications
Thursday, Nov 06, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Info-Tech - Mergers & Acquisitions


Novell to buy Linux developer

Our Bureau

The acquisition will expand Novell's ability to provide enterprise-class services and support on the Linux platform.

Hyderabad , Nov. 5

NOVELL Inc, a technology solutions provider, on Wednesday announced that it has entered into an agreement to acquire SuSE Linux AG of Germany, one of the enterprise Linux companies. The acquisition will expand Novell's ability to provide enterprise-class services and support on the Linux platform.

Novell will pay $210 million in cash to complete the acquisition. The transaction is subject to regulatory approval and the winding up of shareholder agreements. Novell expects the transaction to close by the end of its first fiscal quarter (January 2004), according to a Novell communique.

This move follows Novell's purchase of Ximian (earlier this year), a leader in Linux server and desktop solutions, and further demonstrates Novell's ongoing commitment to provide customers full range of Linux solutions.

Both the Ximian and SuSE Linux acquisitions affirm Novell's commitment to promoting the open source model and developer community. Novell also announced that IBM intended to make a $50 million investment in Novell convertible preferred stock.

Article E-Mail :: Comment :: Syndication

Stories in this Section
CyberBazar hub in Hyderabad


TRAI nod not needed to fix basic services tariffs
GSM operators' margin may come under pressure: Crisil
Cellular base crosses 19.35 million
Touchtel plans direct marketing campaign
Escotel offer to new clients
Premiums widen for infotech ADRs
Windows Malayalam version by December
GlobespanVirata, Conexant merge; to expand Indian unit
Novell to buy Linux developer
Hexaware bet on PeopleSoft has paid off
Karnataka, Penang sign pact
Move on to next practices: Prahalad
Saying it with pop corn
Workshop on e-learning
Advisor to Webel academy named
Prof Sawhney to visit India


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line