Attachmate Corporation has agreed to buy Novell for a sum of 2.2 billion. Novell was up for sale, was accepting buyers on Wednesday, and has finally agreed to sell. Novell got a buyout offer earlier this year from Elliott Associates, which was valued at $1.8 billion.
Novell is also selling its intellectual property separately to CPTN Holdings at $450 million. CPTN Holdings is a consortium of technology companies with Microsoft as its head. This has raised some concerns in the Linux world as Novell IP with MS is like the magic sword falling into the hands of the wrong people.
The Novell press release says,
Novell also announced it has entered into a definitive agreement for the concurrent sale of certain intellectual property assets to CPTN Holdings LLC, a consortium of technology companies organized by Microsoft Corporation, for $450 million in cash, which cash payment is reflected in the merger consideration to be paid by Attachmate Corporation.
Attachmate corporation has decided to run Novell as two separate units, one as Novell itself and another as SUSE Linux. Novell expects both the transactions to end by the first quarter of 2011 and this will mark the end of long standing rumors of Novell selling out that started in 1990.