Novell to get a Red Hat?
The Wall Street Journal yesterday tiped Red Hat, Inc. (NYSE: RHT) to be one of the potential purchasers of Novell. This after the the is New York Post said, commercial operating system maker Novell is close to selling itself off after breaking it into two bits.
The Wall Street Journal yesterday tiped Red Hat, Inc. (NYSE: RHT) to be one of the potential purchasers of Novell. This after the the is New York Post said, commercial operating system maker Novell is close to selling itself off after breaking it into two bits.
Back in June this year Red Hat’s CEO Jim Whitehurst declined to dismiss the possibility of buying out his company’s Linux rival Novell in a meeting with reporters in London.
It is suggested that Linux will go to a strategic buyer and the remainder will be sold to private equity. Other contenders could be VMware (NYSE: VMW), Oracle (NASDAQ: ORCL), and EMC (NYSE: EMC), IBM (NYSE:IBM) and Hewlett-Packard (NYSE: HPQ)
Citing unnamed sources, the Post says a “strategic buyer” will shell out cash to acquire the SUSE Linux business that Novell paid $210m for in November 2003.
Novell has apparently been seeking rich suitors since it rejected a takeover bid by New York hedge fund Elliott Associates in late March.
Ian Bruce, Novell’s chief spokesperson, would not comment on any pending acquisitions.
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