What does Novell buyout offer mean for open source?

Courtesy Enterprise Linux Log  Wed, 03/03/2010 - 13:13

Hedge Fund Elliott Associates LP, which holds an 8.5% stake in Novell, offered to buy the rest of the company for about $1.8 billion on Tuesday, March 2, 2010.

This follows the Q1 financial report that showed year-over-year revenues were down.

However, the company’s Linux business broke even for the first time in seven years.

According to the Wall Street Journal , the share price of Novell surged on Wednesday, to $5.97, beating...

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