Novell’s fate seemed to be sealed when it announced its agreement to sell to privately held Attachmate for $2.2 billion, but a condition of that transaction could hold up the sale.
That’s because the Open Source Initiative (OSI), a prominent licensing body, doesn’t like a third-party agreement included as a condition of the sale, which would see Novell sell 882 of its patents to an industry consortium that includes such heavyweights as Microsoft, Oracle and Apple. The OSI is asking German regulators to take a long look at the proposed transaction and its impact on open source. Datamation has the story.
Novell could remain a public company for a bit longer than first anticipated.
In November, privately held software vendor Attachmate announced its intention to acquire Novell (NASDAQ: NOVL) for $2.2 billion. Part of the Novell acquisition involves another deal with a group called CPTN Holdings, which is set to acquire 882 Novell patents for $450 million. The Attachmate deal closing is contingent on the closing of the CPTN patent sale, which is where the potential delay could arise.