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Suse Linux Company

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BUSINESS
November 5, 2003 | From Reuters
Business software maker Novell Inc. said it would buy Linux software developer SuSE Linux of Germany for $210 million, boosting the U.S. company's hold on corporate networks and sending its shares up 21%. Novell, based in Provo, Utah, also said IBM Corp., a major backer of Linux software, planned to make a $50-million investment in Novell convertible preferred stock, giving IBM a 2% stake in Novell, executives said. The SuSE deal follows Novell's $40.
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BUSINESS
November 5, 2003 | From Reuters
Business software maker Novell Inc. said it would buy Linux software developer SuSE Linux of Germany for $210 million, boosting the U.S. company's hold on corporate networks and sending its shares up 21%. Novell, based in Provo, Utah, also said IBM Corp., a major backer of Linux software, planned to make a $50-million investment in Novell convertible preferred stock, giving IBM a 2% stake in Novell, executives said. The SuSE deal follows Novell's $40.
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