Novell accepts $2.2 billion bid from Attachmate

Novell has today said it is to be acquired by Attachmate for US$2.2 billion, ending months of speculation over its future.

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Novell has today said it is to be acquired by Attachmate for US$2.2 billion, ending months of speculation over its future.

The company has also agreed to sell certain intellectual property assets to CPTN Holdings LLC, a technology consortium led by Microsoft Corporation.

Last week the Wall Street Journal reported reported that Novell was looking to split up the company and sell it in separate pieces. It is now in "advanced talks" with at least two buyers, including VMware, the paper said.

Any move to sell Novell's IP portfolio will cause concern among open source users, since Novell owns Suse Linux.

In a press release Novell president and chief executive Ron Hovsepian said, "After a thorough review of a broad range of alternatives to enhance stockholder value, our board of directors concluded that the best available alternative was the combination of a merger with Attachmate Corp. and a sale of certain intellectual property assets…

"We are pleased that these transactions appropriately recognize the value of Novell's relationships, technology, and solutions, while providing our stockholders with an attractive cash premium for their investment."

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