Attachmate gobbles up Novell for $2.2bn

The Register - Novell has accepted a takeover bid by legacy connectivity and security software provider Attachmate for $2.2bn.

"After a thorough review of a broad range of alternatives to enhance stockholder value, our board of directors concluded that the best available alternative was the combination of a merger with Attachmate Corporation and a sale of certain intellectual property assets to the consortium," explained Ron Hovsepian, president and chief executive officer at Novell, in a statement announcing the deal.