EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

05.21.10

Novell is Surrounded by Potential Buyers of the Company

Posted in Finance, Mandriva, Microsoft, Novell at 12:41 pm by Dr. Roy Schestowitz

Summary: Novell’s end as a publicly-traded company seems inevitable based on the plan to have an auction

VERY recently (earlier this week in fact) we wrote about a takeover of Novell.

Shareholders pay attention to the news and the stock is moving a lot [1, 2, 3]. This volatility is ending with Novell being down today (along with the rest of the market), having gained a little when takeover news come in and share price fluctuated.

The latest news about Novell is important enough an event to be ranked high inside the digests, especially at Reuters where the latest turn in this story seems to have begun.

As many as 20 bidders are interested in buying U.S. software company Novell Inc (NOVL.O), which has put itself up for sale and is this week accepting bids, the Wall Street Journal reported. [ID:nN19268405]

Here are a couple more digests [1, 2].

Up to 20 bidders interested in Novell
As many as 20 bidders are interested in buying software company Novell Inc, which has put itself up for sale and is this week accepting bids, the Wall Street Journal reported.

The original report is here and it says:

As many as 20 bidders are interested in buying software company Novell Inc (NOVL.O), which has put itself up for sale and is this week accepting bids, the Wall Street Journal reported on Wednesday.

Resultant coverage includes:

Calls Sold on Novell Inc.

Novell Accepting Acquisition Bids: Report

As many as 20 companies are interested in acquiring software vendor Novell, and this week marks the deadline for potential buyers to submit bids, according to a published report.

Novell seeks new suitors

Novell, which put itself on the block some months ago, has sought expressions of interest from suitors by the end of the week, according to a report in the Wall Street Journal.

Report: Novell to accept bids this week for sale

Citing “people familiar with the matter,” the newspaper said a group of finalists probably will be picked from bidders whose proposals are due this week.

Novell to solicit buyout offers this week, report says

Novell Draws 20 Bidders

Novell Accepting Bids This Week: Report

Suitors Line Up For Novell

Twenty interested parties likely to bid for US software maker Novell

Novell Acquisition Bids Going Public

Up to 20 firms, mostly hedge funds, are considering trying to take over the software company.

Report: Novell accepting bids from up to 20 companies

Novell are expected to select a number of bidders as “finalists” and then hold an auction amongst that group. Novell declined to comment to the Wall Street Journal on the matter.

Based on that paragraph/sentence, it seems like a sale is inevitable.

An ex employee of Novell, Matt Asay, spins it a little with the headline “Novell: 20 chances to reinvent itself” (idioms side, hedge funds cannot invent much, except structure or liquidation).

Regardless, Novell needs to go private so that it can make the hard decisions it has been wanting to make since at least 2002, when I was there. Novell’s pressure to grow while under the fierce spotlight of Wall Street prompted its ill-fated engagement with Microsoft, which has delivered short-term revenue while destroying long-term value and goodwill within the open-source community.

The VAR Guy too defends Novell, which is expected given his relationship with the company.

Novell expects to evaluate initial takeover bids for the company this week, according to The Wall Street Journal. As many as 20 companies have expressed interest in Novell, the Journal said. Of course, The VAR guy has his own opinion of the situation. Here it is…

According to this article in French, Novell was seen as a candidate to buy Mandriva too. From the automated translation we have Novell’s CMO John Dragoon saying: “Some aspects of the company Mandriva are interesting, for sure. We have great respect for its technology, but this is not what might interest us.” The last thing Mandriva needs right now is Novell and its patent relationship with Microsoft.

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Reddit
  • co.mments
  • DZone
  • email
  • Google Bookmarks
  • LinkedIn
  • NewsVine
  • Print
  • Technorati
  • TwitThis
  • Facebook

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

What Else is New


  1. Links 28/11/2014: Debian Fork, Fedora 21 RC, Git 2.2.0

    Links for the day



  2. Mozilla Will Relay Firefox User Input (Even Keystrokes) to Microsoft and the NSA Through Yahoo in the US

    Mozilla is letting Microsoft manage users' data in Firefox, including keystrokes in the address bar



  3. Microsoft Found to Have Broken the Law in China (Tax Evasion), Just Like Practically Everywhere

    China is reportedly taking action against Microsoft's notorious habit of tax evasion and fining the company well over $100 million



  4. Links 26/11/2014: Docker Patched, New DragonFlyBSD

    Links for the day



  5. Message to the Corporate Media: Bill Gates is Not an Ebola Expert

    Brainwash in the corporate media, including media that the Gates Foundation bribes in exchange for sheer bias, paints the super-rich as the solution rather than the problem



  6. US Government Finally Probes Microsoft Over Financial Fraud, Microsoft Then Bullies the Government With a Lawsuit

    Microsoft is finally being investigated -- perhaps properly too -- for its well-known tax abuses that have so far proved that Microsoft is "too big to jail"; Microsoft is suing the investigator, exerting its abusive power to discourage further investigation



  7. Gagging Critics: Micro Focus-Run SUSE Bribes Journalists in Exchange for Positive Coverage

    Amid the takeover by Micro Focus, SUSE pays journahayess (especially critics) who in turn become some kind of advertisements feed of Novell



  8. Links 25/11/2014: Tizen News, Jolla Tablet Past Million

    Links for the day



  9. Links 24/11/2014: Linux 3.18-rc6, Qualcomm Eyes GNU/Linux Servers

    Links for the day



  10. Boycotting Micro Focus International

    Microsoft's "Partner of the Year" is taking over the patron of SUSE and all of Novell's remains, except the patents (Microsoft has already grabbed those)



  11. Vesna Stilin's Remarks on Željko Topić: Part XI

    Vesna Stilin speaks about her confrontation with EPO Vice-President Željko Topić, who has criminal lawsuits against him in Croatia



  12. Links 22/11/2014: Linux Mint 17.1, Ubuntu MATE

    Links for the day



  13. Links 21/11/2014: Problems at Debian, Jolla Tablet

    Links for the day



  14. Links 18/11/2014: Linux 3.18 RC 5, New DigiKam

    Links for the day



  15. Special Report: Many Criminal Charges Against EPO Vice-President Željko Topić

    The abuses of Željko Topić, who has gained notoriety in his home country, are rapidly becoming public knowledge across all of Europe



  16. Links 16/11/2014: Xfdesktop 4.10.3, GNU Hello 2.10

    Links for the day



  17. Microsoft is Going Into the Anti-Whistleblowing Business, Dodges Criticism Over 19-Year Bug Door in Windows

    With Aorato acquisition Microsoft helps protect the criminals (from whistleblowers) and with lies about .NET Microsoft distracts from a bug that has facilitated remote access into Windows (by those in the know) for nearly two decades



  18. Reaffirming Microsoft's Long-Known Hostility Towards Net Neutrality, Microsoft Crashed Juniper

    Steve Ballmer is ranting against net neutrality and Juniper's business is in trouble after a lot of executives from Microsoft took over most top positions there



  19. Another Massive Step Towards Elimination of Software Patents as Even CAFC Rules Against Them

    After SCOTUS gets involved in the Ultramercial case, the CAFC finally decides to actually serve justice rather than dogma



  20. The GOP's Patent Reform Plan Not Effective Enough to Stop Massive Patent Trolls Like Microsoft/Nokia

    The corporations-serving GOP says that it wants a patent reform, but another reminder is needed of the futility of the suggested changes



  21. How the EPO's Executive Branch (Battistelli and Topić) Banned Scrutiny and Created Authoritarian Model of Control: Part X

    A look at highly dubious moves by EPO President Battistelli and his right-hand man Topić, whose abuses are becoming hard to oversee or even report



  22. Links 15/11/2014: Linux Mint 17.1 Release Candidate, Popcorn Time 0.3.5

    Links for the day



  23. IRC Proceedings: October 26th, 2014 – November 8th, 2014

    Many IRC logs



  24. The Terrible Joke Which is Microsoft 'Loving' Linux: Nightmares With UEFI 'Secure' Boot (i.e. Windows Monopoly Imposed) Continue to Affect GNU/Linux Users

    A reminder of Microsoft's sheer hostility towards GNU/Linux and long-reaching sabotage of GNU/Linux installations



  25. Patent Lawyers Worry About Section 101 in 'Alice' (and Other Patent News)

    A quick roundup of news of interest regarding software patents



  26. Will Write for FUD (Against FOSS)

    Black Duck rears its ugly head again, serving to show that it is in the business of changing perceptions and not in the information or analysis business



  27. Debunking Several Days of Never-Ending Lies About Microsoft and .NET

    .NET is not "Open Source", it cannot be forked (there remains patent threat), Visual Studio is still completely proprietary and it is expected to come to other platforms only because Windows has lost its dominance and Microsoft wants to perpetually control APIs (with software patents) and hence reign over developers



  28. Links 14/11/2014: LibreOffice 4.3.4, Ads Now in Firefox

    Links for the day



  29. Links 14/11/2014: GNOME 3.14.2, PulseAudio 6.0

    Links for the day



  30. Microsoft Windows is Still Designed as a Paradise of Back Doors, Intrusion, Wiretaps, and Interception

    At many levels -- from communication to storage and encryption -- Windows is designed for the very opposite of security


CoPilotCo

RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

CoPilotCo

Recent Posts