Bonum Certa Men Certa

Novell is Surrounded by Potential Buyers of the Company



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.

Recent Techrights' Posts

Brittany Day, Plagiarist in Chief (Chatbot Slinger)
3 articles in the front page of LXer.com right now are chatbot spew
Guardian Digital, Inc (linuxsecurity.com) Has Resorted to Plagiarism by Chatbots, Flooding the World Wide Web With Fake 'Articles' Wrongly Attributed to Brittany Day
busted
Microsoft-Connected Sites Trying to Shift Attention Away From Microsoft's Megabreach Only Days Before Important If Not Unprecedented Grilling by the US Government?
Why does the mainstream media not entertain the possibility a lot of these talking points are directed out of Redmond?
 
Peter Eckersley, Laura Smyth & the rushed closure of dial-up Internet in Australian universities
Reprinted with permission from Daniel Pocock
[Meme] Bullying the Victims
IBM: crybully of the year 2024
Ian.Community Should be Safer From Trademark Censorship
We wish to discuss this matter very quickly
Microsoft and Its Vicious Attack Dogs (Attacking Women or Wives in Particular)
Sad, pathetic, destructive people
Upcoming Series About the Campaign to 'Disappear' the Father of GNU/Linux
Today we have Julian Assange's fate to focus on
A Month From Now Gemini Protocol Turns 5
June 20
Colombia: From Less Than 0.5% to Nearly 4% for GNU/Linux
it's not limited to this one country
Rumour: Well Overdue Red Hat Layoffs to be Announced in About 3 Days
we know they've planned the layoffs for a while
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Sunday, May 19, 2024
IRC logs for Sunday, May 19, 2024
Gemini Links 20/05/2024: Updated Noto Fontpacks and gemfeed2atom
Links for the day
GNU/Linux in Georgia: Looking Good
Windows down from 99% to less than 33%
Tomorrow is a Historic Day for Press Freedom in the UK
Take note of the Julian Assange case
Hiding in a Forest Without a Phone and Hiding Behind the First Amendment in the United States (US)
some serial defamer is trying to invert the narrative
Links 19/05/2024: Iran's President Lost in Helicopter Crash, WikiLeaks’ Julian Assange Awaits Decisions in Less Than a Day
Links for the day
Links 19/05/2024: Microsoft Investigated in Europe
Links for the day
4 Old Articles About Microsoft/IBM SystemD
old but still relevant
Firefox Has Fallen to 2% in New Zealand
At around 2%, at least in the US (2% or below this threshold), there's no longer an obligation to test sites for any Gecko-based browser
Winning Streak
Free software prevalence
Links 19/05/2024: Conflicts, The Press, and Spotify Lawsuit
Links for the day
GNU/Linux+ChromeOS at Over 7% in New Zealand
It's also the home of several prominent GNU/Linux advocates
libera.chat (Libera Chat) Turns 3 Today
Freenode in the meantime continues to disintegrate
[Teaser] Freenode NDA Expires in a Few Weeks (What Really Happened 3 Years Ago)
get ready
GNU/Linux is Already Mainstream, But Microsoft is Still Trying to Sabotage That With Illegal Activities and Malicious Campaigns of Lies
To help GNU/Linux grow we'll need to tackle tough issues and recognise Microsoft is a vicious obstacle
Slovenia's Adoption of GNU/Linux in 2024
Whatever the factor/s may be, if these figures are true, then it's something to keep an eye on in the future
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Saturday, May 18, 2024
IRC logs for Saturday, May 18, 2024
Links 19/05/2024: Profectus Beta 1.2
Links for the day
Site Archives (Not WordPress)
We've finally finished the work
[Meme] The EPO Delusion
on New Ways of Working
EPO Representatives Outline Latest Attacks on Staff
Not much has happened recently in terms of industrial action
Links 18/05/2024: Revisiting the Harms of Patent Trolls, Google Tries to Bypass (or Plagiarise) Sites Under the Guise of "AI"
Links for the day
Links 18/05/2024: BASIC Story, Site Feeds, and New in Geminispace
Links for the day
GNU/Linux in Kyrgyzstan: From 0.5% to 5% in Eight Years
the country is almost the size of the UK
Justice for Victims of Online Abuse
The claims asserted or pushed forth by the harasser are categorically denied
[Meme] Senior Software Engineer for Windows
This is becoming like another Novell
Links 18/05/2024: Deterioration of the Net, North Korean IT Workers in the US
Links for the day
Windows in Lebanon: Down to 12%?
latest from statCounter
[Video] 'Late Stage Capitalism': Microsoft as an Elaborate Ponzi Scheme (Faking 'Demand' While Portraying the Fraud as an Act of Generosity and Demanding Bailouts)
Being able to express or explain the facts isn't easy because of the buzzwords
Links 18/05/2024: Caledonia Emergency Powers, "UK Prosecutor's Office Went Too Far in the Assange Case"
Links for the day
Microsoft ("a Dying Megacorporation that Does Not Create") and IBM: An Era of Dying Giants With Leadership Deficits and Corporate Bailouts (Subsidies From Taxpayers)
Microsoft seems to be resorting to lots of bribes and chasing of bailouts (i.e. money from taxpayers worldwide)
US Patent and Trademark Office Sends Out a Warning to People Who Do Not Use Microsoft's Proprietary Formats
They're punishing people who wish to use open formats
Links 18/05/2024: Fury in Microsoft Over Studio Shutdowns, More Gaming Layoffs
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Friday, May 17, 2024
IRC logs for Friday, May 17, 2024
Links 18/05/2024: KOReader, Benben v0.5.0 Progress Update, and More
Links for the day