Novell sale edges closer


Novell sale edges closer

Simon Quicke

Novell is getting closer to reaching the point where it is prepared to sell the business with the prospect of it being split into two parts.

According to reports in the US a potential decision is just a few weeks away and the split in the operations could see the Linux business sold off separately with that probably going to a rival vendor with private equity buying the rest of the company.

If the sale sign is posted up outside Novell it would end a saga that has been running throughout this year with the vendor already dismissing a $2bn offer from private equity firm Elliot Associates back in March.

One of the likely bidders for what will remain after the Linux business is split is Elliott Associates which already holds 8.5% of Novell and expressed disappointment when it's bid failed earlier this year.

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