Novell want to buy

Elliott Associates Hedge Fund, which already owns a 8.5% stake in Novell, has made an offer to shareholders to buy the rest of the company.

For Novell, they offer little, according to the estimates of the resource theregister.co.uk , all in all, Elliott assumes net costs of ~ $ 1 billion. This is despite the fact that the company's capitalization is $ 1.67 billion. However, regardless of this, Novell shares soared 30% for one trading session.

Analysts predict a betting race when another interested company can make a big bid and offer more money for Novell. In any case, the next open source company is on the verge of absorption.
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According to IDC, which cnet.com refers to in the world, more and more companies prefer free Linux installations instead of paid distributions. In addition, Windows Server in terms of server units is sold more and will occupy more than 70% of the market. On the other hand, Linux still brings a fairly significant profit to Novell.

Let's see how events will develop. In any case, the picture is interesting.

via www.theregister.co.uk/2010/03/03/novell_elliott_take_private