January 24, 2001 |
Corel Corp., maker of WordPerfect and CorelDraw software, said it plans to sell its Linux computer-operating system business as part of a strategy to return to profitability by midyear. Corel said it will hold a stake in the Linux business after it's sold. It will continue to make programs that work on the Linux operating system, which is an alternative to Microsoft Corp.'s dominant Windows.
October 3, 2000 |
Microsoft Corp. is taking a $135-million stake in Corel Corp., the Canadian firm that makes WordPerfect and other software for the competing Linux operating system. Under the deal announced, Microsoft will buy 24 million Corel nonvoting convertible preferred shares at $5.63 each, making the Redmond, Wash.-based company one of Corel's largest shareholders with a 24.6% nonvoting stake.
February 15, 2001 |
The Justice Department is investigating Microsoft Corp.'s $135-million investment in Canadian rival Corel Corp., raising a new antitrust issue for the beleaguered software giant. The Justice Department is examining whether Microsoft's stake in Corel could thwart competition in key business software products--such as text editors and spreadsheets--that Microsoft dominates with a market share of more than 90%.
June 7, 2003
* Comcast Corp. completed the sale of its share of a cable joint venture to billionaire Paul Allen for $728 million, after twice postponing the transaction. * Corel Corp., the unprofitable maker of WordPerfect, agreed to be acquired by the investment firm Vector Capital Corp. for about $97.6 million. * A federal judge ordered former Cisco Systems Inc.
August 29, 2006 |
Corel Corp. said it would buy InterVideo Inc. for $196 million in cash, rounding out its portfolio of multimedia software offerings. Shares of Fremont, Calif.-based InterVideo, whose software lets users record, edit and play digital audio and video content, rose 32%, or $3.05, to $12.65 after Corel's $13-a-share offer was announced. Ottawa-based Corel gained 16 cents to $10.04.