[svlug] Novell to buy SuSE

[Karsten M. Self]

$50m sweetner from IBM, $210m valuation for SuSE.

http://www.novell.com/news/press/archive/2003/11/pr03069.html

    Press Release
    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
    community.

    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.

    ...


Peace.

-- 
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.
    http://www.jointhebushwhackers.com/not_a_liar.cfm
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