Attachmate buying Novell for $2.2 billion

©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.

IDG News Service, 11/22/10

Novell also selling certain intellectual property assets to Microsoft-led CPTN Holdings

Novell announced Monday it has agreed to be acquired by Attachmate for $2.2 billion, ending months of speculation over its future. The deal is expected to close in the first quarter of next year.

The company has also agreed to sell certain intellectual property assets to CPTN Holdings, a technology consortium led by Microsoft, for $450 million in cash, a payment “reflected in the merger consideration to be paid by Attachmate.”

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