By Dominic Maher, 7 February 2000 15:32
NEWS Corel and Inprise/Borland have entered into a definitive merger agreement worth $2.44bn that will see the two become a self-proclaimed "Linux powerhouse". The combined organization will be known as Corel, with Dr Michael Cowpland remaining as president and CEO. Dale Fuller, the interim president and CEO of Inprise/Borland, will serve as chairman of Corel's board of directors. Under the terms of the agreement, Inprise/Borland shareholders will receive 0.747 Corel common shares for each share in Inprise/Borland they hold. The two companies announced combined revenues of $418m for 1999, with over $200m in cash. More soon on this story.
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below