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Industry News Novell Acquisition Closes, Patent Deal Too
It’s currently operating as a wholly owned subsidiary of the Attachmate Group, parent company of Attachmate Corporation
By: Maureen O'Gara
Apr. 28, 2011 09:45 AM
Wasting no time after regulators took months to approve its acquisition, Novell said Wednesday that it now belongs to Attachmate for the princely sum of $2.2 billion cash, a lot of it its own recycled money. It's currently operating as a wholly owned subsidiary of the Attachmate Group, parent company of Attachmate Corporation. The patent sale that held up what should have been a mere perfunctory review also closed. Some 880-odd patents and patent applications have gone to the so-called CPTN consortium of Microsoft, Oracle, Apple and EMC, which paid $450 million for them, topping off the $6.10-a-share acquisition price.
As previously reported, the regulators forced changes in the patent deal so that CPTN can't turn into a troll. The quartet is going to divvy up the patents - after all four get rights to all of them - with Microsoft's share reverting back to Attachmate in return for cash and a license to all Novell patents, not just the still-unidentified 882 or whatever, and EMC not getting the 33 virtualization patents in the pot. Novell will cease trading on the Nasdaq today. BNY Mellon Shareowner Services is responsible for paying off the stockholders. Reader Feedback: Page 1 of 1
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