Prospect of Novell sale returns

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Prospect of Novell sale returns

Simon Quicke

Novell appears to be heading towards a sale after it emerged the software company was being targeted by private equity groups.

The software firm rejected a $2bn takeover offer from investment fund Elliott Associates in March dismissing the valuation but according to the Wall Street Journal is again open to offers.

The US newspaper estimated that there were around 20 possible suitors but most were financial investors rather than a takeover from a rival vendor.

One of the likely bidders could be Elliott Associates which already holds 8.5% of Novell and expressed disappointment when it's bid failed earlier this year.



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