Attachmate Closes Novell Acquisition
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Novell (NASDAQ:NOVL) life as a publicly traded independent company, ends today.
The software and Linux operating system vendor has closed the deal which will see the company acquired by privately-held Attachmate for $2.2 billion. The deal was first announced in November and has had to overcome a key patent hurdle.
The Attachmate deal was contingent on Novell first completing the sale of 882 patents to CPTN Holdings for $450 million. CPTN includes Microsoft, EMC and Apple. The CPTN patent deal was adjusted by the U.S. Department of Justice last week, clearing the way for the Attachmate acquisition deal close.
"Novell has had many chapters in its 28-year history and today marks the start of a new, exciting chapter," John Dragoon, the Chief Marketing Office at Novell blogged. "As Novell joins forces with The Attachmate Group, the result will be a powerful portfolio of companies united by a common purpose and dedicated team."