[Gllug] [Lbc] Novell Announces Agreement to Acquire SUSE LINUX (fwd)

Tue Nov 4 20:08:43 UTC 2003

Hello,
   This looks interesting.....

-- 
Chris Bell
---------- Forwarded message ----------
Date: Tue, 4 Nov 2003 16:56:03 +0000 (GMT)
From: Marc Thomas <marc at dragonfly.plus.com>
To: lbc at lists.linuxemporium.co.uk
Subject: [Lbc] Novell Announces Agreement to Acquire SUSE LINUX

FYI....

PROVO, Utah -(Dow Jones)- Novell Inc. (NasdaqNM:NOVL - News) agreed to
acquire enterprise Linux technology company SUSE Linux for $210 million in
cash and began talks with International Business Machines Corp. (NYSE:IBM
- News) to extend commercial agreements between IBM and SUSE Linux.
In addition, IBM plans to buy $50 million of Novell's convertible
preferred stock.

In a press release, Novell said it is negotiating with IBM to extend
agreements for the support of SUSE Linux on IBM's eServer and middleware
products.

The contract extension and the preferred stock investment are both
expected to close when Novell's acquisition of SUSE Linux is completed by
the end of January, subject to regulatory approval and other conditions.

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