Novell: More Takeover Bids Coming?
Novell expects to evaluate initial takeover bids for the company this week, according to The Wall Street Journal. As many as 20 companies have expressed interest in Novell, the Journal said. Of course, The VAR guy has his own opinion of the situation. Here it is…
How did the Novell bidding process wind up in The Journal? The VAR Guy suspects this may have been a carefully leaked news story. After all, coverage in The Wall Street Journal could either (A) lure more bidders to the table or (B) raise potential bids from interested parties.
Either way, sources told The Journal that initial offers for Novell are expected to top an unsolicited March 2010 bid from Elliot Associates; that bid, which Novell rejected, valued the company at about $2 billion. A Novell spokesman declined comment to The Journal.
Meanwhile, Novell continues to focus on its core business priorities. During the Novell Brainshare conference this week for EMEA (Europe, Middle East and Africa) partners and customers, the software company debuted a new identity management offering and a SUSE Linux 11 service pack, among other moves.
Novell’s core focus involves Intelligent Workload Management (IWM), which helps partners and customers to manage applications across physical and virtual systems, both on premises and in the cloud.