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 16/12/2014: Google and ODF, Civilization: Beyond Earth Comes to GNU/Linux

    Links for the day



  2. Bill Gates' Pet Troll Intellectual Ventures is Collapsing as Founder Quits

    Intellectual Ventures founder leaves after an exceptionally large round of layoffs, despite [cref 77299 recent subsidies from Sony and Microsoft]



  3. Keeping Software Patents Out of Europe Following the Demise of Software Patents in the US

    Instability in the EPO seemingly prevents further expansion of patent scope, which is the subject of scrutiny of EPO staff



  4. Links 15/12/2014: OSI 2014 Annual Report, GPLv2 Court Test

    Links for the day



  5. Links 14/12/2014: Calligra 2.9 Beta, Krita 2.9 Beta

    Links for the day



  6. Software Patents Are Dying in the US, But Patent Lawyers Refuse to Admit It

    Patent lawyers continue to distort the reality of software patents' demise in the United States



  7. Links 13/12/2014: Android Wear “Lollipop”, European Commission and FOSS

    Links for the day



  8. Time to Take Microsoft Out of British Aviation Before Planes Crash Into Buildings

    London's mighty Heathrow Airport among those affected by a Microsoft-reliant air traffic control system which is not being able to properly recover from an outage, and not for the first time either



  9. News From France and Germany: Battistelli Under Fire, But Not Fired Yet, Just Firing His Opposition

    The régime headed by Benoît Battistelli and his criminal deputy continues to overthrow or pressure out everyone who is not 'loyal' to the régime



  10. Links 12/12/2014: Linux++, KDE Frameworks 5.5.0, Calligra 2.8.7

    Links for the day



  11. The USPTO is Broken: New Evidence Presented

    The scope of patents, as evidenced by some statistical figures and individual patents, shows that the USPTO is broken and must be reformed or dismantled



  12. US Patent Reform (on Trolls Only) More or Less Buried or Ineffective

    An update on efforts to reform the patent system in the United States, including the possibly imminent appointment of Michelle Lee to USPTO leadership role



  13. Software Patents in Canada Not Dead Yet

    Canada's patent status quo increasingly like that of the United States and Canadian giants like BlackBerry now pose a threat to software developers



  14. Dreaming of a Just Christmas: When a Third of EPO Walks Out to Revolt and European Judges Attack the EPO Over Abuses

    Information about the abuses of Battistelli et al. at the EPO are finally receiving wider coverage and increasing the strain on Battistelli's authoritarian reign



  15. Links 11/12/2014: Red Hat Enterprise Linux 7.1 Beta, Firefox 35 Plans

    Links for the day



  16. Ubuntu Core Announcement is Not About Microsoft and Hosting Ubuntu on Azure is Worse Than Stupid

    The power of media spin makes the idea of hosting Free software under the control of an NSA PRISM and back doors partner seem alluring



  17. France Gets Involved in Battistelli's Abuses in the EPO - Part XII (Updated)

    The EPO scandal has officially spilled over to France, where a French Senator got involved and starts asking serious questions



  18. Rolling of Heads Likely Imminent at EPO

    The European patent system is shaking as management breaks the rules, staff is protesting against the management every week, and charges of corruption resurface



  19. Links 11/12/2014: systemd 218, Empire Total War

    Links for the day



  20. Links 10/12/2014: Fedora 21, Ubuntu Core

    Links for the day



  21. Links 9/12/2014: Fedora 21 and Torture Report Are Out

    Links for the day



  22. Exclusive: The Enlarged Board of Appeal Complains About Battistelli's Corrupt Management to the Administrative Council (Updated)

    Text of the complaint from the Enlarged Board of Appeal (EBoA) reaches Techrights, demonstrating just how rampant the abuse in Battistelli's EPO has become



  23. Protests Against EPO Corruption Approach 1,000 in Attendance

    EPO staff at all levels is revolting against the management of the EPO, whose dismissal seems to be only a matter of time



  24. Links 9/12/2014: Greg Kroah-Hartman Interview, Fedora 21 Imminent

    Links for the day



  25. EPO Staff Protests Today and Protested Last Week, Targeting Corruption in the Institution

    PO staff is demonstrating against abuse by the management of the EPO, today we well as in prior days



  26. Links 7/12/2014: New Linux Release, Marines and Prisoners on GNU/Linux

    Links for the day



  27. EPO Scandal: Benoît Battistelli's Arrogance Recognised by European Delegations

    Battistelli’s Nixon moment and the evasive nature of his approach towards external delegations that are troubled by his behaviour



  28. CBS Brushing Aside and Away Microsoft's History of Blackmail and Bribes Against Linux

    Putting in context some of the poor reporting (or whitewash) regarding Microsoft's bribe (disguised as "partnership") to Barnes & Noble



  29. Links 7/12/2014: Typhoon Hagupit, AURORAGOLD

    Links for the day



  30. EPO Imploding: Battistelli Throws a Fit at EPO's Investigation Unit

    Patent institution of Europe is showing signs of tear as protests intensify and suppression of these protests -- as well as suppression of investigation -- intensifies as well


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