SUSE Linux Sold For $2.5 Billion
SUSE Linux Sold For $2.5 Billion
Published on July 02, 2018 at 10:03PM
Archangel Michael writes: Reuters is reporting that Britain's Micro Focus has agreed to sell its SUSE open-source enterprise software business to Swedish buyout group EQT Partners for $2.535 billion, lifting its shares 6 percent. Micro Focus, a serial acquirer that has been struggling to get to grips with a $8.8 billion Hewlett Packard Enterprise deal, said on Monday it would use some of the proceeds to reduce debt and could return some of the rest to shareholders. SUSE is used by banks, universities and government agencies around the world and is a pioneer in enterprise-grade Linux software serving companies such as Air India, Daimler and Total.
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Published on July 02, 2018 at 10:03PM
Archangel Michael writes: Reuters is reporting that Britain's Micro Focus has agreed to sell its SUSE open-source enterprise software business to Swedish buyout group EQT Partners for $2.535 billion, lifting its shares 6 percent. Micro Focus, a serial acquirer that has been struggling to get to grips with a $8.8 billion Hewlett Packard Enterprise deal, said on Monday it would use some of the proceeds to reduce debt and could return some of the rest to shareholders. SUSE is used by banks, universities and government agencies around the world and is a pioneer in enterprise-grade Linux software serving companies such as Air India, Daimler and Total.
Read more of this story at Slashdot.
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SUSE Linux Sold For $2.5 Billion
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