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> Novell To Aquire Suse Linux, Woo-hoo!!
Aceius
post Nov 4 2003, 11:03 PM
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'Sup dawg.
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Novell Announces Agreement to Acquire Leading Enterprise Linux Technology Company SUSE LINUX.

Novell today announced it has entered into an agreement to acquire SUSE LINUX, one of the world's leading enterprise Linux companies, expanding Novell's ability to provide enterprise-class services and support on the Linux platform. With the open source expertise of SUSE LINUX and Novell's world-class networking and identity solutions and support, training and consulting services, Novell will be able to deliver Linux and all its components -- from the server to the desktop -- and give organizations a secure, reliable and mature Linux foundation. Novell will pay $210 million in cash to complete the acquisition. The transaction is subject to regulatory approval and the winding up of shareholder agreements. Novell expects the transaction to close by the end of its first fiscal quarter (January 2004).

This latest move follows Novell's August purchase of Ximian, a leader in Linux server and desktop solutions, and further demonstrates Novell's ongoing commitment to provide customers a full range of Linux solutions. Both the Ximian and SUSE LINUX acquisitions affirm Novell's commitment to promoting the open source model and developer community.

Novell today also announced that IBM intends to make a $50 million investment in Novell convertible preferred stock. In addition, Novell and IBM are negotiating extensions to the current commercial agreements between IBM and SUSE LINUX for the continued support of SUSE LINUX on IBM's eServer products and middleware products, and to provide for product and marketing support arrangements related to SUSE LINUX. Both of these agreements will be effective when the acquisition of SUSE LINUX by Novell is completed.


Interesting stuff... punk.gif


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Vault9
post Nov 4 2003, 11:03 PM
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- f l y t e k -
post Nov 8 2003, 05:20 PM
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This post has been edited by - f l y t e k -: Nov 20 2003, 05:43 AM


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discourse
post Dec 3 2003, 02:33 PM
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i think this will be good for suse and novell - as long as they stick to their promises.


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