[svlug] Novell to buy SuSE
Karsten M. Self
kmself at ix.netcom.com
Tue Nov 4 05:47:07 PST 2003
$50m sweetner from IBM, $210m valuation for SuSE.
Novell Announces Agreement to Acquire Leading Enterprise Linux
Technology Company SUSE LINUX
PROVO, Utah -- Nov. 04, 2003 -- Novell today announced it has
entered into an agreement to acquire SUSE LINUX, one of the worlds
leading enterprise Linux companies, expanding Novells ability to
provide enterprise-class services and support on the Linux platform.
With the open source expertise of SUSE LINUX and Novells world-class
networking and identity solutions and support, training and
consulting services, Novell will be able to deliver Linux and all
its components from the server to the desktop and give organizations
a secure, reliable and mature Linux foundation. 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).
This latest move follows Novells August purchase of Ximian, a leader
in Linux server and desktop solutions, and further demonstrates
Novells ongoing commitment to provide customers a full range of
Linux solutions. Both the Ximian and SUSE LINUX acquisitions affirm
Novells commitment to promoting the open source model and developer
Novell today also announced that IBM intends to make a $50 million
investment in Novell convertible preferred stock. In addition,
Novell and IBM are negotiating extensions to the current commercial
agreements between IBM and SUSE LINUX for the continued support of
SUSE LINUX on IBMs eServer products and middleware products to
provide for product and marketing support arrangements related to
SUSE LINUX. Both of these agreements will be effective when the
acquisition of SUSE LINUX by Novell is completed.
Karsten M. Self <kmself at ix.netcom.com> http://kmself.home.netcom.com/
What Part of "Gestalt" don't you understand?
George W. is deceptive to be sure. Dissembling, too. And let's not
forget deceitful. He is lacking veracity and frankness, and void of
sooth, though seemingly sincere in his proclivity for pretense. But
he did not lie.
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