Microsoft to pay Novell $536 million in deal

posted onNovember 8, 2004
by hitbsecnews

Novell said Monday that it had reached a settlement with software maker Microsoft in which Microsoft will pay it $536 million in cash. The announcement sent Novell shares 11 percent higher in pre-open trading.

In addition, Novell said it planned to file a new antitrust lawsuit against Microsoft tied to decade-old competitive practices involving Novell's WordPerfect word processing software.

The agreed-upon cash settlement involved antitrust litigation related to Novell's NetWare network operating software, which Novell once positioned as a potential competitor to Microsoft Windows operating system software.

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